A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Friday. Specifically, these funds sold over 165,000 shares of Iridium Communications Inc. (NASDAQ: IRDM) altogether, as the prices of these funds were relatively flat on Friday. Note though that the ETFs are up a fair amount in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 150,400 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 17,017 shares of Iridium. At Friday’s closing prices, this would have valued the sales at roughly $7.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up about 45% in the past year, but the other one is up only 1% since it came public.
Check out all the ARK Invest sales for Friday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA | 516,000 |
| ARKG | CLLS | CELLECTIS | 27,671 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 9,672 |
| ARKK | NTDOY | NINTENDO | 36,993 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 104,400 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS | 150,400 |
| ARKW | TSLA | TESLA | 14,362 |
| ARKW | LC | LENDINGCLUB | 401,984 |
| ARKX | IRDM | IRIDIUM COMMUNICATIONS | 17,017 |
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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