Cathie Wood’s ARK Invest Sells Nearly 570,000 Shares of Opendoor Technologies
One of Cathie Wood's Ark Invest funds sold nearly 570,000 shares of Opendoor Technologies on November 15.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 570,000 shares of Opendoor Technologies Inc. (NASDAQ: OPEN) on Monday, as the share price of this fund traded relatively flat in the day’s session. The fund’s share price has greatly improved over the past year.
Specifically, ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) sold 568,263 shares of Opendoor Technologies. At Monday’s closing price, this would have valued this sale at roughly $12.8 million. This is only a small fraction of the total holdings. This fund is up 21% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK Invest ETFs:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | OPEN | OPENDOOR TECHNOLOGIES | 568,263 |
| ARKF | INTU | INTUIT | 15,931 |
| ARKF | Z | ZILLOW | 143,228 |
| ARKG | VEEV | VEEVA SYSTEMS | 11,936 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 31,717 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 21,494 |
| ARKG | CLLS | CELLECTIS | 100 |
| ARKG | CDXS | CODEXIS | 5,819 |
| ARKK | Z | ZILLOW | 471,622 |
| ARKQ | LMT | LOCKHEED MARTIN | 20,232 |
| ARKQ | GOOG | ALPHABET | 2,662 |
| ARKW | NET | CLOUDFLARE | 77,042 |
| ARKW | U | UNITY SOFTWARE | 90,817 |
| ARKX | U | UNITY SOFTWARE | 12,356 |
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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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.
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