Cathie Wood’s ARK Invest Sells Over 340,000 Shares of JD.com
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, this fund sold over 340,000 shares of JD.com, Inc. (NASDAQ: JD), as the price of this fund was relatively flat on the day. Note though that this fund is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 341,190 shares of JD.com. At Tuesday’s closing price, this would have valued this sale at roughly $24.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 65% in the past year.
Check out all of ARK Invest’s sales for Tuesday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | SE | Sea | 17,900 |
| ARKF | SNAP | Snap | 284,033 |
| ARKG | CSTL | Castle Biosciences | 37,629 |
| ARKG | CDNA | CareDx | 3,284 |
| ARKG | BMY | Bristol-Myers Squibb | 90,300 |
| ARKG | TXG | 10X Genomics | 79,585 |
| ARKW | SE | Sea | 43,904 |
| ARKW | ROKU | Roku | 55,514 |
| ARKW | PD | PagerDuty | 38,876 |
| ARKW | LC | LendingClub | 24,656 |
| ARKW | JD | JD.Com | 341,190 |
| ARKW | HUYA | Huya | 91,160 |
| ARKW | BEKE | KE Holdings | 79,368 |
| ARKX | RAVN | Raven Industries | 59,210 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
ALSO READ: 4 Cybersecurity Stocks to Buy After Another Massive Ransomware Hack
Get Our Free Investment Newsletter
Source: Read Full Article