Cathie Wood’s ARK Invest Dumps Nearly 900,000 Shares of JD.com
A couple of Cathie Wood's ARK Invest exchange-traded funds sold nearly 900,000 shares of JD.com on January 10.
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A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold nearly 900,000 shares of JD.com Inc. (NASDAQ: JD | JD Price Prediction) altogether, as the prices of these funds were all down about 1% on the day. Note that these ETFs are down a fair amount over the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 267,594 shares of JD.com, while Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) parted with 616,090 shares. At Monday’s closing price, this would have valued these sales at roughly $61.5 million. Even though this is a small fraction of the total holdings, every little bit counts. The fintech ETF is down 29% and the robotics ETF is down more than 13% over the past year.
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Check out all of ARK Invest’s sales for Monday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | ICE | INTERCONTINENTAL EXCHANGE | 28,477 |
| ARKF | JD | JD.COM | 267,594 |
| ARKF | WDAY | WORKDAY | 74,028 |
| ARKF | DOCU | DOCUSIGN | 138,101 |
| ARKG | EVGN | EVOGENE | 27,599 |
| ARKG | AQB | AQUABOUNTY TECHNOLOGIES | 280,755 |
| ARKG | IONS | IONIS PHARMACEUTICALS | 326,031 |
| ARKK | DOCU | DOCUSIGN | 258,206 |
| ARKQ | SNPS | SYNOPSYS | 1,044 |
| ARKQ | TER | TERADYNE | 69,931 |
| ARKQ | JD | JD.COM | 616,090 |
| ARKX | ESLT | ELBIT SYSTEMS | 2,600 |
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.
