![]() While some of these decreases were due to fund redemptions, the majority of them were due to allocation sales, which were seen in Ark Invest's daily trade e-mails. In the chart below, you can see how end-of-month holdings have come down considerably since. The weight in ARKW was almost 4.5%, and these two holdings collectively totaled almost $590 million. At the end of March, these two funds held more than 3.9 million shares of the company, which was more than 2% of the total number of outstanding shares, making Ark Invest one of the largest institutional holders.Īt the end of March, the flagship ARKK Innovation ETF had just under 4% of its fund in Spotify. The stock was a top 10 holding in both the flagship Ark Innovation ETF ( ARKK) and the Ark Next Generation Internet ETF ( ARKW). ( NYSE: SPOT ), which I'd like to look at today.Įarlier this year, Spotify was one of the more meaningful positions in the Ark complex. ![]() One example of that process has been streaming music service Spotify Technology S.A. ![]() As those massive gains have shifted to large losses, some of these ETFs have consolidated their positions throughout this year. Founder Cathie Wood and her team saw their funds under management grow massively after the pandemic, as many of her holdings surged in value. ![]() As my readers know, I have followed exchange-traded fund ("ETF") firm Ark Invest quite extensively over the past couple of years. ![]()
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