Cathie Wood’s ARK Invest Sold Over $6 Million Worth of Amazon Stock
One of Cathie Wood's Ark Invest exchange-traded funds sold over $6 million worth of shares of Amazon on December 13.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. This fund sold over 1,700 shares of Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction), while the price of this ETF was down over 2% on the day. Note that the ETF is down a fair amount in the past year.
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It was ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) that sold 1,794 shares of Amazon. At Monday’s closing price, this would have valued this sale at $6.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down around 14% in the past 12 months.
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Check out all of ARK Invest’s Sales for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | AMZN | AMAZON.COM | 1,794 |
| ARKF | INTU | INTUIT | 17,787 |
| ARKF | ICE | INTERCONTINENTAL EXCHANGE | 122,291 |
| ARKF | FB | 33,204 | |
| ARKG | PFE | PFIZER | 155,578 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 12,000 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 100,398 |
| ARKK | EDIT | EDITAS MEDICINE | 202,964 |
| ARKW | LPSN | LIVEPERSON | 48,143 |
| ARKW | SHOP | SHOPIFY | 12,500 |
| ARKX | BA | BOEING | 10,696 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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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.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
