Cathie Wood’s ARK Invest Sells Over 4,000 Shares of Boeing
One of Cathie Wood's ARK Invest exchange-traded funds sold over 4,000 shares of Boeing on October 18.
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One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 4,000 shares of Boeing Co. (NYSE: BA | BA Price Prediction) on Monday, as the share price of this fund traded up less than 1% in the day’s session. However, the ETFs share price has remained more or less flat since it came public earlier this year.
ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 4,023 shares of Boeing. At Monday’s closing price, this would have valued the sale at roughly $872,000. This is only a small fraction of the total holdings. The fund is down about 2% year to date.
Here is a quick look at all the other sales across the ARK ETFs:
| Fund | Ticker | Company Name | Shares |
|---|---|---|---|
| ARKG | VEEV | VEEVA SYSTEMS | 8,844 |
| ARKK | PRLB | PROTO LABS | 154,783 |
| ARKQ | TSLA | TESLA | 2,977 |
| ARKW | PYPL | PAYPAL | 19,752 |
| ARKX | BA | BOEING | 4,023 |
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.
