One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. This fund sold over 2,500 shares of Amazon.com Inc. (NASDAQ: AMZN), as the price of this ETF was down about 3% on the day. Note that this stock is still up handily in the past year.
It was ARK Next Fintech Innovation ETF (NYSEARCA: ARKF) that sold 2,605 shares of Amazon. At Monday’s closing price, this would have valued this sale at $8.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up over 36% in the past 12 months.
Check out all of ARK Invest’s Sells for Monday:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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