Cathie Wood’s ARK Invest Sells Over 85,000 Shares of Square
One of Cathie Wood's Ark Invest exchange-traded funds sold over 85,000 shares of Square on October 8.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. This fund parted with over 85,000 shares of Square Inc. (NASDAQ: SQ), as the price of this ETF gained about 2% in Friday’s session. Note that this fund is still up significantly in the past year.
Specifically, ARK Innovation ETF (NYSEARCA: ARKK) sold 85,487 shares of Square. At Friday’s closing price, this would have valued this sale at roughly $20.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 12% in the past year.
Check out all of ARK Invest’s sales for Friday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | SDGR | SCHRODINGER | 10,905 |
| ARKG | SMFR | SEMA4 | 79,461 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 5,700 |
| ARKK | PRLB | PROTO LABS | 23,130 |
| ARKK | SE | SEA | 18,921 |
| ARKK | IRDM | IRIDIUM COMMUNICATIONS | 180,888 |
| ARKK | SQ | SQUARE | 85,487 |
| ARKK | DOCU | DOCUSIGN | 78,867 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 1,951 |
| ARKQ | BYDDY | BYD | 14,420 |
| ARKW | LC | LENDINGCLUB | 494 |
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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.
