Stocks Cathie Wood's Ark Bought Or Sold Wednesday

One of the Cathie Wood-led Ark Invest's key exchange traded funds on Wednesday nearly trimmed all of its exposure to Netflix Inc (NFLX) as it sold 1,627 shares, estimated to be worth about $833,674, in the online video streaming service.

 

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Netflix shares closed 0.67% lower at $512.40 on Wednesday.

The New York-based investment management group deployed the Ark Next Generation Internet ETF (ARKW) to sell the shares, which after Wednesday’s trades, owns a total of 192 shares in Netflix.

Ark Invest also owns shares in Netflix via the Ark Space Exploration & Innovation ETF (ARKX). No other ETF holds any position in Netflix. 

The two ETFs, after Wednesday’s trades, still held 27,546 shares, worth about $14.11 million, in the popular video streaming service. 

The popular asset manager also snapped up 91,300 shares - estimated to be worth about $4.76 million - in DraftKings Inc (DKNG).

DraftKings shares closed 0.38% higher at $52.18 on Wednesday. 

Ark Invest investment owns DraftKings shares via three of its active ETFs — ARKW, the Ark Innovation ETF (ARKK), and the Ark Fintech Innovation ETF (ARKF) but deployed only ARKF on Wednesday to buy the shares of the sports betting company.

On a consolidated basis, Ark still held 13.8 million shares, worth $722.17 million, in DraftKings, as of Wednesday’s trade. 

The New York-based investment firm also sold 63,862 shares - estimated to be worth about $3.33 million - in DocuSign Inc (DOCU).

Shares of DocuSign closed 0.38% lower at $52.18 on Wednesday.

Wood’s firm sold the shares in DocuSign via ARKK and also holds a stake in the company via ARKW. 

The two ETFs held 1.77 million, worth $519.86 million, in DocuSign as of Wednesday.

The investment firm also sold 280,031 shares — estimated to be worth about $18.33 million — in Twitter Inc (TWTR) via ARKW. 

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