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On Monday, August 21, 2023, Cathie Wood-led Ark Invest made significant moves in the market, with a notable decision to sell $9.2 million worth of shares of Shopify Inc (NYSE:SHOP). This comes in the wake of Shopify's recent volatility following its Q2 results.
The Shopify Trade: Ark sold 170335 shares of Shopify through ARK Next Generation Internet ETF (NYSE:ARKW) and Ark Fintech Innovation ETF (NYSE:ARKF). The transaction was valued at $9.2 million, based on Shopify stock’s closing price of $53.93 on Monday.
Ark Invest’s decision to sell Shopify shares across various ETFs is a continuation of its recent trading behavior.
Earlier this week, Ark Invest also made a notable decision to sell Shopify shares. All in all, Ark sold $8.9 million of Shopify shares.
Wood-led Ark Invest also made a significant investment in Adyen N.V. (OTC:ADYEY) (OTC:ADYYF), a Dutch payment company, on Monday. Ark Invest bought 2889 shares of ADYEN NV (ADYEN.AS) through ARKF and 733,462 shares through ARKW.
See Also: Is Nvidia Overpriced? Cathie Wood’s Ark Invest Points To 3 Other Stocks
Other Key Trades:
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Posted In: ADPT ADYEY ADYYF ARKF ARKG ARKW CDXS CELL CRSP RXRX SHOP
