Cathie Wood’s ARK Invest Sells Nearly 570,000 Shares of Opendoor Technologies
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 570,000 shares of Opendoor Technologies Inc. (NASDAQ: OPEN) on Monday, as the share price of this fund traded relatively flat in the day’s session. The fund’s share price has greatly improved over the past year.
Specifically, ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) sold 568,263 shares of Opendoor Technologies. At Monday’s closing price, this would have valued this sale at roughly $12.8 million. This is only a small fraction of the total holdings. This fund is up 21% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK Invest ETFs:
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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