A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold nearly 900,000 shares of JD.com Inc. (NASDAQ: JD) altogether, as the prices of these funds were all down about 1% on the day. Note that these ETFs are down a fair amount over the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 267,594 shares of JD.com, while Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) parted with 616,090 shares. At Monday’s closing price, this would have valued these sales at roughly $61.5 million. Even though this is a small fraction of the total holdings, every little bit counts. The fintech ETF is down 29% and the robotics ETF is down more than 13% over the past year.
Check out all of ARK Invest’s sales for Monday as well:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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