Cathie Wood’s ARK Invest Sells Over 50,000 Shares of Raven Industries

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 50,000 shares of Raven Industries Inc. (NASDAQ: RAVN) on Monday, as the shares of this fund traded up about 0.9% in the day’s session. The share price has greatly improved over the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 51,714 shares of Raven Industries. At Monday’s closing price, this would have valued this sale at roughly $3.0 million. This is only a small fraction of the total holdings. This fund is up 93% over the past 52 weeks.

Here is a quick look at the other sales that took place across all ARK ETFs:

FundTickerCompanyShares
ARKFBILLBill.com42,797
ARKFDOCUDocuSign27,465
ARKFINTUIntuit8,493
ARKGTXG10X Genomics47,800
ARKGPSTIPluristem Therapeutics15,547
ARKGCSTLCastle Biosciences22,056
ARKGCDNACareDx55,591
ARKQGLEOGalileo Acquisition15,000
ARKQGOOGAlphabet3,065
ARKQRAVNRaven Industries51,714
ARKWPSTGPure Storage146
ARKWPLTRPalantir Technologies21,300
ARKWLCLendingClub7,397
ARKXIRDMIridium Communications37,672

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

ALSO READ: Top Market Strategist Says a Vicious 10% Correction Very Possible by November


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article