Cathie Wood’s ARK Invest Sells Nearly 450,000 Shares of Peloton
One of Cathie Wood's ARK Invest exchange-traded funds sold nearly 450,000 shares of Peloton on October 27.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 450,000 shares of Peloton Interactive Inc. (NASDAQ: PTON) on Wednesday, as the price of this fund was down around 1% in the day’s session. The ETF is up a fair amount in the past year.
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ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 448,621 shares of Peloton. At Wednesday’s closing price, this would value this sale at roughly $39.7 million. Note that this is only a small fraction of the total holdings, and the fund is up 31% over the past 52 weeks.
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Check out all the ARK Invest sales for Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | SE | SEA | 19,440 |
| ARKK | PRLB | PROTO LABS | 74,818 |
| ARKK | COIN | COINBASE GLOBAL | 106,531 |
| ARKK | TSLA | TESLA | 38,984 |
| ARKQ | LMT | LOCKHEED MARTIN | 7,800 |
| ARKQ | TSLA | TESLA | 18,122 |
| ARKW | PTON | PELOTON INTERACTIVE | 448,621 |
| ARKX | LMT | LOCKHEED MARTIN | 16,459 |
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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
