Investing
Cathie Wood's ARK Invest Sells Over 740,000 Shares of Peloton
October 29, 2021 10:10 am
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:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | COIN | COINBASE GLOBAL | 16,280 |
| ARKF | SE | SEA | 15,695 |
| ARKF | PINS | 485,026 | |
| ARKG | VEEV | VEEVA SYSTEMS | 30,871 |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 220,022 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 134,368 |
| ARKK | SHOP | SHOPIFY | 14,865 |
| ARKK | SPOT | SPOTIFY TECHNOLOGY | 74,392 |
| ARKK | COIN | COINBASE GLOBAL | 132,786 |
| ARKK | TSLA | TESLA | 49,498 |
| ARKW | PTON | PELOTON INTERACTIVE | 741,008 |
| ARKW | COIN | COINBASE GLOBAL | 25,187 |
| ARKX | LMT | LOCKHEED MARTIN | 20,532 |
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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