Cathie Wood’s ARK Invest Dumps Over 165,000 Shares of Iridium Communications Stock

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Friday. Specifically, these funds sold over 165,000 shares of Iridium Communications Inc. (NASDAQ: IRDM) altogether, as the prices of these funds were relatively flat on Friday. Note though that the ETFs are up a fair amount in the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 150,400 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 17,017 shares of Iridium. At Friday’s closing prices, this would have valued the sales at roughly $7.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up about 45% in the past year, but the other one is up only 1% since it came public.

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

FundTickerNameShares
ARKF9923HKYEAHKA516,000
ARKGCLLSCELLECTIS27,671
ARKGCRBUCARIBOU BIOSCIENCES9,672
ARKKNTDOYNINTENDO36,993
ARKKNSTGNANOSTRING TECHNOLOGIES104,400
ARKQIRDMIRIDIUM COMMUNICATIONS150,400
ARKWTSLATESLA14,362
ARKWLCLENDINGCLUB401,984
ARKXIRDMIRIDIUM COMMUNICATIONS17,017

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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