Cathie Wood’s ARK Invest Sells Over 280,000 Shares of Square

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. These funds parted with over 280,000 shares of Square Inc. (NASDAQ: SQ), as their share prices gained less than 1% in Thursday’s session. Note that these funds just turned negative in terms of their year-over-year performance.

ARK Innovation ETF (NYSEARCA: ARKK) sold 224,999 shares of Square and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 56,407 shares. At Thursday’s closing prices, this would have valued these sales at roughly $54.1 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is down 10% in the past year, and the other is down closer to 2%.

Check out all of ARK Invest’s sales for Thursday as well:

FundTickerNameShares
ARKFSESEA25,293
ARKFTOSTTOAST189,033
ARKGDNAGINKGO BIOWORKS782,292
ARKGSLGCSOMALOGIC52,635
ARKGMASS908 DEVICES107,633
ARKKSQSQUARE224,999
ARKKTRMBTRIMBLE11,942
ARKKTWLOTWILIO106,322
ARKKVCYTVERACYTE39,607
ARKKZMZOOM VIDEO COMMUNICATIONS130,972
ARKKSGFYSIGNIFY HEALTH9,550
ARKKRBLXROBLOX370,428
ARKKNTLAINTELLIA THERAPEUTICS79,336
ARKKMTLSMATERIALISE100,035
ARKKDNAGINKGO BIOWORKS1,274,116
ARKQACHRARCHER AVIATION9,715
ARKQBLDEBLADE AIR MOBILITY44,343
ARKQXPEVXPENG277,263
ARKQISRGINTUITIVE SURGICAL10,738
ARKQVUZIVUZIX189,161
ARKQMKFGMARKFORGED60,205
ARKWZMZOOM VIDEO COMMUNICATIONS33,081
ARKWTWLOTWILIO41,775
ARKWSQSQUARE56,407
ARKWSPLKSPLUNK30,300
ARKXVLDVELO3D92,524

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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