Investing

Cathie Wood's ARK Invest Sold Over $6 Million Worth of Amazon Stock

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), 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.

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.

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 FACEBOOK 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.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.