Cathie Wood’s ARK Invest Sells Over 480,000 Shares of Peloton

By Chris Lange Published Nov 1, 7:55AM EDT

Cathie Wood’s ARK Invest Sells Over 480,000 Shares of Peloton — © Andrei Stanescu / iStock Editorial via Getty Images

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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About the Author Chris Lange →

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.

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