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Cathie Wood-led Ark Investment Management on Tuesday sold 1,102,797 shares in Signify Health Inc. (NYSE:SGFY), valued at $32.3 million, via two of its key exchange-traded funds.
The firm sold 670,690 shares in the healthcare company via its flagship ETF, the ARK Innovation ETF (NYSE:ARKK), and 432,107 shares via the ARK Genomic Revolution ETF (BATS:ARKG).
Signify Health made up just 0.37% of ARKK portfolio ahead of Tuesday's trade but it was the third-largest holding in ARKG with 4.71% weight.
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The company reported a revenue of $246.20 million for the second quarter, according to the Benzinga Earnings Calendar, slightly missing analyst expectations of a $247.06 million revenue.
Signify Health shares shot up 41% in a single session on Aug. 22, when reports said Amazon.com Inc. (NASDAQ:AMZN) was interested in acquiring the company. Wood began trimming its stake in the company in the same session.
Ark also bought 316,223 shares in precision medicine company CareDx Inc. (NASDAQ:CDNA) and no other major trades were observed on Tuesday.
A day earlier, Wood — who has long backed electric vehicle market leader Tesla Inc. (NASDAQ:TSLA) — made her second-ever buy in legacy automaker General Motors Company (NYSE:GM), piling up 120,004 shares.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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