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Benzinga
Benzinga
Entertainment
Rachit Vats

Cathie Wood Sheds Nearly All Walt Disney Exposure With $7M Sale

Cathie Wood Walt Disney Abigail Disney Ark Invest ARK NYSE Walt Disney Co Bob Chapek

Cathie Wood-led Ark Invest Management on Tuesday shed most of its exposure in Walt Disney Co (NYSE: DIS) amid reports of a likely shareholder battle over CEO Bob Chapek's salary.

The popular money managing firm sold 76,387 shares, estimated to be worth $7.12 million, in the entertainment giant that owns Disney parks and resorts and other properties. 

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