Cathie Wood’s ARK Invest Sells Over 480,000 Shares of Peloton
One of Cathie Wood's ARK Invest exchange-traded funds sold over 480,000 shares of Peloton on October 29.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 480,000 shares of Peloton Interactive Inc. (NASDAQ: PTON) on Friday, as the price of this fund was up less than 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 488,016 shares of Peloton. At Friday’s closing price, this would value this sale at roughly $44.6million. Note that this is only a small fraction of the total holdings, and the fund is up 36% over the past 52 weeks.
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Check out all the ARK Invest sales for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | VEEV | VEEVA SYSTEMS | 32,830 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 399,588 |
| ARKG | SLGCW | SOMALOGIC | 548,744 |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 68,891 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 235,100 |
| ARKW | PTON | PELOTON INTERACTIVE | 488,016 |
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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Contact [email protected] for any questions or corrections.
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.
