Cathie Wood’s ARK Invest Sells Nearly 2 Million Shares of Twitter
A couple of Cathie Wood's ARK Invest exchange-traded funds sold nearly 2 million shares of Twitter on January 4.
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A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood sold nearly 2 million shares of Twitter Inc. (NYSE: TWTR) altogether on Tuesday, as the prices of these ETFs were down about 4% in Tuesday’s session. The funds are down a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 1,918,777 shares of Twitter, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 69,000 shares. At Tuesday’s closing price, this would have valued these sales at roughly $81.2 million. This is only a small fraction of the total holdings. The innovation fund is down 27% over the past 52 weeks, and the other is down 20%.
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Here are all the sales across ARK Invest funds on Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PYPL | PAYPAL | 5,577 |
| ARKF | PDD | PINDUODUO | 250,359 |
| ARKF | INTU | INTUIT | 1,887 |
| ARKF | ICE | INTERCONTINENTAL EXCHANGE | 7,537 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 883,461 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS | 32,919 |
| ARKK | TWTR | 1,918,777 | |
| ARKK | TSLA | TESLA | 27,574 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 329,582 |
| ARKQ | TER | TERADYNE | 22,728 |
| ARKQ | SNPS | SYNOPSYS | 8,600 |
| ARKW | TWTR | 69,000 | |
| ARKW | TSLA | TESLA | 16,558 |
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.
