Cathie Wood’s ARK Invest Dumps Over 65,000 Shares of Iridium Communications Stock

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, these funds sold over 65,000 shares of Iridium Communications Inc. (NASDAQ: IRDM) altogether, as the prices of these funds were relatively flat on Thursday. Note though that they are up a fair amount in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 49,933 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKW) sold 16,469 shares of Iridium. At Thursday’s closing prices, this would have valued the sales at roughly $3.1 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up about 47% in the past year, but the other one is up only 3% since it came public.

Check out all the ARK Invest sales for Thursday as well:

FundTickerNameShares
ARKF6060HKZHONGAN ONLINE P&C INSURANCE859,400
ARKF9923HKYEAHKA359,200
ARKFHDBHDFC BANK400
ARKGRHHBYROCHE32,678
ARKGPSTIPLURISTEM THERAPEUTICS20,000
ARKGSRPTSAREPTA THERAPEUTICS475
ARKGPSTGPURE STORAGE30,601
ARKGCLLSCELLECTIS12,458
ARKGNVSNOVARTIS229,072
ARKGDRNADICERNA PHARMACEUTICALS38,712
ARKGCRBUCARIBOU BIOSCIENCES76,909
ARKKTSLATESLA29,238
ARKKNSTGNANOSTRING TECHNOLOGIES9,000
ARKQNVDANVIDIA CORP2,039
ARKQIRDMIRIDIUM COMMUNICATIONS49,933
ARKQTERTERADYNE57,078
ARKQTRMBTRIMBLE59,376
ARKWLCLENDINGCLUB49,165
ARKWTSLATESLA11,702
ARKWTTDTRADE DESK306,448
ARKXIRDMIRIDIUM COMMUNICATIONS16,469

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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