One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 740,000 shares of Peloton Interactive Inc. (NASDAQ: PTON) on Thursday, as the price of this fund was up around 2% in the day’s session. The ETF is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 741,008 shares of Peloton. At Thursday’s closing price, this would value this sale at roughly $67.2 million. Note that this is only a small fraction of the total holdings, and the fund is up 38% over the past 52 weeks.
Check out all the ARK Invest sales for Thursday:
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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