Netflix, Draftkings, Docusign, Twitter, Etsy — Stocks Cathie Wood's Ark Bought Or Sold Wednesday

Netflix, Draftkings, Docusign, Twitter, Etsy — Stocks Cathie Wood's Ark Bought Or Sold Wednesday

One of 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.

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. 

See Also: Netflix, Nvidia, DraftKings, Alibaba, Square — Stocks Cathie Wood's Ark Bought Or Sold Tuesday

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 DKNG.

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. 

ARKK too holds a position in the stock.

Twitter shares closed 0.27% lower at $65.46 on Wednesday. 

Together the two ETFs held 12.6 million, worth $825.36, in the Jack Dorsey-led social media company Twitter ahead of Thursday’s trades.

The New York-based investment firm also snapped up 9,700 shares — estimated to be worth about $1.88 million — in Etsy Inc ETSY, an e-commerce platform for handmade goods and vintage items, via ARKF.

Etsy shares closed 2.92% higher at $193.96 on Wednesday.

Ark has been piling up shares in Etsy via ARKF and ARKW and has ahead of Thursday's trade, lifted the position in the company to 626,882 shares, worth $121.59 million, in a total of eight trades. 

Some of the other key Ark buys on Wednesday included UiPath Inc PATH and sells included Base Inc BAINF.

See also: How to Buy Netflix Stock

 

Posted In: ARK InvestCathie Woode-commercesocial mediasports bettingStreaming Video On DemandSVODNewsSector ETFsSmall CapETFs

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.