{"id":135060,"date":"2021-08-10T12:51:54","date_gmt":"2021-08-10T12:51:54","guid":{"rendered":"https:\/\/precoinnews.com\/?p=135060"},"modified":"2021-08-10T12:51:54","modified_gmt":"2021-08-10T12:51:54","slug":"cathie-woods-ark-invest-dumps-nearly-8-million-worth-of-netflix-stock","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/cathie-woods-ark-invest-dumps-nearly-8-million-worth-of-netflix-stock\/","title":{"rendered":"Cathie Wood’s ARK Invest Dumps Nearly $8 Million Worth of Netflix Stock"},"content":{"rendered":"
A couple of the ARK Invst exchange-traded funds run by ETF star Cathie Wood made huge sales on Monday. These funds sold over 14,000 shares of Netflix Inc. (NASDAQ: NFLX) shares, as the prices of these exchange-traded funds were up around 1% on the day. Note that they are still up over 100% in the past year.<\/p>\n
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 11,846 shares of Netflix and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 2,916 shares. At Monday\u2019s closing prices, this would have valued this purchases at roughly $7.7 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKW is up 54% in the past year, and ARKX is relatively flat year to date.<\/p>\n
Here is a quick look at all the sales made by ARK ETFs:<\/p>\n
Fund<\/th>\n | Ticker<\/th>\n | Company<\/th>\n | Shares<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|
ARKG<\/td>\n | SEER<\/td>\n | Seer<\/td>\n | 306,616<\/td>\n<\/tr>\n |
ARKG<\/td>\n | RHHBY<\/td>\n | Roche<\/td>\n | 154,558<\/td>\n<\/tr>\n |
ARKG<\/td>\n | PSTI<\/td>\n | Pluristem Therapeutics<\/td>\n | 19,893<\/td>\n<\/tr>\n |
ARKG<\/td>\n | PSTG<\/td>\n | Pure Storage<\/td>\n | 876,040<\/td>\n<\/tr>\n |
ARKG<\/td>\n | NVS<\/td>\n | Novartis<\/td>\n | 100,687<\/td>\n<\/tr>\n |
ARKG<\/td>\n | CLLS<\/td>\n | Cellectis<\/td>\n | 57,671<\/td>\n<\/tr>\n |
ARKK<\/td>\n | SE<\/td>\n | Sea<\/td>\n | 55,345<\/td>\n<\/tr>\n |
ARKK<\/td>\n | NTDOY<\/td>\n | Nintendo<\/td>\n | 60,500<\/td>\n<\/tr>\n |
ARKK<\/td>\n | TXG<\/td>\n | 10X Genomics<\/td>\n | 9,860<\/td>\n<\/tr>\n |
ARKK<\/td>\n | MCRB<\/td>\n | Sere Therapeutics<\/td>\n | 51,484<\/td>\n<\/tr>\n |
ARKW<\/td>\n | NFLX<\/td>\n | Netflix<\/td>\n | 11,846<\/td>\n<\/tr>\n |
ARKX<\/td>\n | NFLX<\/td>\n | Netflix<\/td>\n | 2,916<\/td>\n<\/tr>\n |
ARKX<\/td>\n | NVDA<\/td>\n | Nvidia<\/td>\n | 15,074<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \nCatherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24\/7 Wall St.<\/em>\n\t\t<\/p>\n |