Cathie Wood’s ARK Invest Dumps Over 170,000 Shares of Iridium Communications Stock
One of Cathie Wood's ARK Invest funds sold over 170,000 shares of Iridium Communications on September 22.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, this fund sold over 170,000 shares of Iridium Communications Inc. (NASDAQ: IRDM), as the price of this fund bounced back up 1% on Wednesday. Note that this ETF up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 172.348 shares of Iridium. At Wednesday’s closing price, this would have valued the sale at roughly $7.5 million. Even though this is a small fraction of their total holdings, every little bit counts. The ETF is up about 31% in the past year.
Check out all the ARK Invest sales for Wednesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | SMFR | SEMA4 | 12,280 |
| ARKG | NVS | NOVARTIS | 241,747 |
| ARKG | CLLS | CELLECTIS | 12,212 |
| ARKG | CDXS | CODEXIS | 126,224 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 11,930 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 66,750 |
| ARKK | TER | TERADYNE | 373,251 |
| ARKK | IRDM | IRIDIUM COMMUNICATIONS | 172,348 |
| ARKK | SE | SEA | 65,913 |
| ARKK | PRLB | PROTO LABS | 39,453 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 3,951 |
| ARKK | NTDOY | NINTENDO | 128,900 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 10,950 |
| ARKW | ETSY | ETSY | 37,007 |
| ARKW | LC | LENDINGCLUB | 7,623 |
| ARKW | SE | SEA | 3,766 |
| ARKX | NVDA | NVIDIA | 1,803 |
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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.
