One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood sold over 90,000 shares of Walt Disney Co. (NYSE: DIS) on Monday, as the price of this ETF was down over 2% in the day’s session. However, the fund is actually down a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 93,598 shares of Disney. At Monday’s closing price, this would have valued this sale at roughly $13.7 million. This is only a small fraction of the total holdings. The ETF is down 20% over the past 52 weeks.
Check out all of ARK Invest’s sales for Monday:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.