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%.
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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