Cathie Wood-led Ark Investment Management on Wednesday sold 1,858 shares — estimated to be worth $5.29 million — in Google parent Alphabet Inc GOOG GOOGL.
The stock closed 0.98% lower at $2,848.30 a share on Wednesday and has risen nearly 65% so far this year.
The popular investment firm sold the shares in Alphabet via the Autonomous Technology & Robotics ETF ARKQ. Besides ARKQ, the Ark Space Exploration & Innovation ETF ARKX owns shares in the company as well.
Together, the two ETFs held 26,434 shares — worth $76 million — in Alphabet, ahead of Wednesday’s trade.
Here are a few other Ark Invest trades from Wednesday:
- Bought 78,000 shares — estimated to be worth $638,820 — in Velo3D Inc VLD on the dip. The 3D company, which supplies to Tesla Inc. TSLA CEO Elon Musk's SpaceX, went public last month via a merger with a special purpose acquisition company Jaws Spitfire Acquisition Corp. Shares closed 2.62% lower at $8.19 a share on Wednesday.
- Bought 20,700 shares — estimated to be worth $239,913 — in Somalogic Inc SLGC. Shares of the company closed 1.02% lower at $11.59 a share.
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