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.
[in-text-ad]
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.
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.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
