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Cathie Wood-led Ark Investment Management on Monday shed about 16,621 shares — estimated to be worth about $2.68 million — in Alibaba Group Holding (NYSE:BABA), nearly decimating all of its exposure held in on of its three exchange traded funds. Alibaba shares, which have declined 30.7% so far this year amid the Chinese regulators’ intense crackdown on the e-commerce giant and its CEO Jack Ma, closed 1.96% higher at $161.06 on Monday.
...read full article on Benzinga
