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Benzinga
Benzinga
Entertainment
Rachit Vats

Cathie Wood Trims Ark Disney Stake By 58% On Wednesday

Cathie Wood Disney Walt Disney Ark Invest NYSE Ark Investment Management Walt Disney Co

Cathie Wood-led Ark Investment Management on Wednesday significantly lowered its exposure in Walt Disney Co (NYSE:DIS), its second major reduction in the entertainment giant company’s stock since buying the first shares in May last year.

The popular money managing firm sold 113,116 shares — estimated to be worth $16.6 million— in Walt Disney.

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