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 |
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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