Cathie Wood’s ARK Invest Sells Over $93 Million Worth of Meta Stock
A couple of Cathie Wood's ARK Invest exchange-traded funds sold nearly 270,000 shares of Meta on November 22.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 270,000 shares of Meta Inc. (NASDAQ: FB) shares on Monday, as the prices of these ETFs lost over 4% in Monday’s session. These funds are up significantly in the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 157,892 shares of the company formerly known as Facebook, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 115,833 shares. At Monday’s closing price, this would have valued these sales at roughly $93.3 million. This is only a small fraction of the total holdings. These funds are up between 6% and 15% over the past 52 weeks.
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Here are all the ARK Invest sales for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | FB | 157,892 | |
| ARKF | OPEN | OPENDOOR TECHNOLOGIES | 322,500 |
| ARKF | PAGS | PAGSEGURO DIGITAL | 175,826 |
| ARKF | PYPL | PAYPAL HOLDINGS | 125,423 |
| ARKG | VEEV | VEEVA SYSTEMS | 40,656 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS | 95,438 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 28,133 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 17,100 |
| ARKG | INCY | INCYTE | 122,176 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 16,703 |
| ARKG | CDXS | CODEXIS | 231,042 |
| ARKK | TSLA | TESLA | 97,592 |
| ARKQ | LMT | LOCKHEED MARTIN | 6,800 |
| ARKQ | TSLA | TESLA | 21,636 |
| ARKW | TSLA | TESLA | 63,055 |
| ARKW | ETSY | ETSY | 79,263 |
| ARKW | FTCH | FARFETCH | 1,150,248 |
| ARKW | FB | 115,833 | |
| ARKX | ANSS | ANSYS | 2,012 |
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.
