One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. This fund sold over 75,000 shares of Netflix Inc. (NASDAQ: NFLX) shares, as the price of this fund was down over 1% on the day. It is still up significantly from this time last year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 75,109 shares of Netflix. At Tuesday’s closing price, this would have valued this purchase at roughly $38.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 55% in the past year.
Here is a quick look at all the sales made by ARK ETFs:
|ARKG||TAK||TAKEDA PHARMACEUTICAL CO LTD||116,467|
|ARKG||RHHBY||ROCHE HOLDING AG||394,655|
|ARKG||REGN||REGENERON PHARMACEUTICALS INC||8,271|
|ARKG||PSTI||PLURISTEM THERAPEUTICS INC||7,402|
|ARKG||PSTG||PURE STORAGE INC||136,940|
|ARKG||BMY||BRISTOL-MYERS SQUIBB CO||72,802|
|ARKK||TXG||10X GENOMICS INC||26,272|
|ARKK||NTDOY||NINTENDO CO LTD||139,500|
|ARKK||MCRB||SERES THERAPEUTICS INC||100|
|ARKX||BABA||ALIBABA GROUP HOLDING LTD||7,684|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
Source: Read Full Article