Cathie Wood’s ARK Invest Sells Over $33 Million Worth of LendingClub Stock
One of Cathie Wood's Ark Invest exchange-traded funds sold over 1.1 million shares of LendingClub on September 16.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Thursday. This fund sold over 1.1 million shares of LendingClub Corp. (NYSE: LC), as the price of this ETF gained about 0.5% on the day. Note that this stock is still up handily in the past year.
It was ARK Next Generation Internet ETF (NYSEARCA: ARKW) that sold 1,177,878 shares of LendingClub. At Thursday’s closing price, this would have valued this sale at $33.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up over 44% in the past 12 months.
Check out all of ARK Invest’s Sells for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA | 356,400 |
| ARKG | CDXS | CODEXIS | 400 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 80,036 |
| ARKG | NVS | NOVARTIS | 57,455 |
| ARKK | TSLA | TESLA | 41,457 |
| ARKK | NTDOY | NINTENDO | 57,200 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 10,849 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 32,551 |
| ARKQ | GOOG | ALPHABET | 1,846 |
| ARKW | LC | LENDINGCLUB | 1,177,878 |
| ARKX | IRDM | IRIDIUM COMMUNICATIONS | 59,291 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
