The market rose slightly to close Monday on a positive note after a somewhat choppy trading session. ARK funds increased with one exception. ARKW was the best performer of the bunch, gaining 4.5% on the day, while ARKX was the worst, down 0.9%. The gains of the past year are slowly receding, but Cathie Wood may have something up her sleeve, as she constantly revamps her ETFs to weather market headwinds.
ARK Invest has been the talk of Wall Street over the past two years, outperforming the market and cementing its place among the big players in the investment world. Wood is the founder and chief executive of this investment house, and many have compared her rising star to Warren Buffett.
Many traders seek to mirror the games of famous investors and huge brokerages to capitalize on the gains made by the big dogs. Luckily for us, ARK Invest publishes a list of its trades at the end of each trading day.
While some companies would require a subscription service or monetary fee to see what makes ARK Invest work, here at 24/7 Wall St. we prefer to give you the data for free. Here is a quick look at some of the major sales made by ARK Invest on March 28, 2022. Also find out all the ARK Invest buys which took place that same day.
The ARK Fintech Innovation ETF (NYSEARCA: ARKF) primarily deals with emerging fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. The fund’s net assets are currently $2.2 billion. Here is a notable sale in this fund: NO SALE
ARK Genomic Revolution ETF (NYSEARCA: ARKG) examines companies in multiple industries, but the focus is on healthcare and the technology-changing companies in this space. The largest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. The fund’s net assets are currently $5.1 billion. Here is a notable sale in this fund: 4,771 Vertex Pharma shares.
ARK Innovation ETF (NYSEARCA: ARKK) focuses particularly on disruptive innovation in several sectors, but mainly in technology. Some of the biggest names are part of this fund, including Tesla, Roku, Square, Zillow, and Spotify. The net assets of this fund are currently $16.2 billion. Here are the notable sales of this fund: NO SALE
ARK Autonomous and Robotic Technology ETF (NYSEARCA: ARKQ) focuses, unsurprisingly, on companies that are in the field of autonomous technology and robotics, especially those that innovate in disruptive ways. Big names in this fund include Tesla, Alphabet, JD.com, Baidu, and Iridium. The net assets of this fund are currently $2.2 billion. Here are some notable transactions in the fund: 17,498 Aerovironment shares.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) focuses on companies that disruptively innovate on the topic of the next generation of the Internet. Some names of this fund are similar to others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook, and Snap. The net assets of this fund are currently $3.8 billion. Here are the notable sales of this fund: 44,470 Splunk shares.
Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) primarily focuses on companies developing technologies related to spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon, and Iridium. The net assets of this fund are currently $468.9 million. A notable sale in this fund: 3,518 Aerovironment shares & 1,509 Thales shares.
Check out all the sales here:
|ARKG||To sell||VRTX||VERTEX PHARMACEUTICALS INC||4,771|
|ARKQ||To sell||AVAV||AEROVIRONMENT INC||17,498|
|ARKW||To sell||SPLK||SPLUNK INC||44,470|
|ARKX||To sell||AVAV||AEROVIRONMENT INC||3,518|
|ARKX||To sell||ILEC||ELBIT SYSTEMS LTD||982|
|ARKX||To sell||HO||THALES S.A.||1,509|
|ARKX||To sell||LHX||L3HARIS TECHNOLOGIES INC||3,313|
Catherine Wood, CEO and CIO of ARK Investment Management, is a minority, non-voting shareholder of 24/7 Wall St., owner of 247wallst.com.