Cathie Wood’s ARK Invest Sold Over $6 Million Worth of Amazon Stock
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. This fund sold over 1,700 shares of Amazon.com Inc. (NASDAQ: AMZN), while the price of this ETF was down over 2% on the day. Note that the ETF is down a fair amount in the past year.
It was ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) that sold 1,794 shares of Amazon. At Monday’s closing price, this would have valued this sale at $6.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down around 14% in the past 12 months.
Check out all of ARK Invest’s Sales for Monday:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
ALSO READ: Goldman Sachs Says 3 Aerospace and Defense Stocks May Be the Best Offense in 2022
Get Our Free Investment Newsletter
Source: Read Full Article