Cathie Wood’s ARK Invest Sells Nearly 60,000 Shares of Nvidia

One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood sold nearly 60,000 shares of Nvidia Corp. (NASDAQ: NVDA) shares on Tuesday, as the price of this ETF was down less than 1% in Tuesday’s session. The fund is up significantly in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 58,259 shares of Nvidia. At Tuesday’s closing price, this would have valued this sale at roughly $13.0 million. This is only a small fraction of the total holdings. This ETF is up 40% over the past 52 weeks.

Here are all the ARK Invest sales on Tuesday:

FundTickerNameShares
ARKFMELIMERCADOLIBRE5,879
ARKFSESEA22,452
ARKF6060HKZHONGAN ONLINE P&C INSURANCE896,500
ARKF9923HKYEAHKA400,800
ARKGNVSNOVARTIS142,994
ARKGCLLSCELLECTIS20,248
ARKGPSTIPLURISTEM THERAPEUTICS13,833
ARKGRHHBYROCHE229,100
ARKKNTDOYNINTENDO129,897
ARKKSESEA34,968
ARKKMCRBSERES THERAPEUTICS576,762
ARKKIOVAIOVANCE BIOTHERAPEUTICS107,050
ARKKNSTGNANOSTRING TECHNOLOGIES49,208
ARKQISRGINTUITIVE SURGICAL2,888
ARKQNVDANVIDIA58,259
ARKWMELIMERCADOLIBRE4,609

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

ALSO READ: Top Equity Strategist Says 10%-20% Correction Possible: Do These 5 Things Now


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article