Cathie Wood’s ARK Invest Sells Nealy 1 Million Shares of Pure Storage
One of Cathie Wood's Ark Invest funds sold nearly 1 million shares of Pure Storage on May 24.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 1 million shares of Pure Storage Inc. (NYSE: PSTG | PSTG Price Prediction) on Monday, as the share price of this fund traded up nearly 3% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 995,901 shares of Pure Storage. At Monday’s closing price, this would have valued this sale at roughly $18.9 million. This is only a small fraction of the total holdings. ARKK is up 76% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKF | Sell | 9923HK | YEAHKA LTD | 210,000 |
| ARKF | Sell | SCHW | CHARLES SCHWAB CORP/THE | 59,936 |
| ARKG | Sell | GH | GUARDANT HEALTH INC | 152,200 |
| ARKG | Sell | PSTI | PLURISTEM THERAPEUTICS INC | 600 |
| ARKK | Sell | SYRS | SYROS PHARMACEUTICALS INC | 12,700 |
| ARKK | Sell | SNPS | SYNOPSYS INC | 306 |
| ARKK | Sell | PSTG | PURE STORAGE INC | 995,901 |
| ARKK | Sell | ONVO | ORGANOVO HOLDINGS INC | 3,062 |
| ARKK | Sell | NVS | NOVARTIS AG | 44,973 |
| ARKK | Sell | NTDOY | NINTENDO CO LTD | 86,828 |
| ARKK | Sell | ICE | INTERCONTINENTAL EXCHANGE INC | 187,281 |
| ARKK | Sell | HUYA | HUYA INC | 136,943 |
| ARKQ | Sell | ADSK | AUTODESK INC | 28,706 |
| ARKQ | Sell | AVAV | AEROVIRONMENT INC | 12,950 |
| ARKQ | Sell | GLEO | GALILEO ACQUISITION CORP | 30,186 |
| ARKQ | Sell | WKHS | WORKHORSE GROUP INC | 6,997 |
| ARKW | Sell | TREE | LENDINGTREE INC | 1,889 |
| ARKW | Sell | SI | SILVERGATE CAPITAL CORP | 18 |
| ARKW | Sell | PINS | PINTEREST INC | 6 |
| ARKW | Sell | PDD | PINDUODUO INC | 32,396 |
| ARKW | Sell | JD | JD.COM INC | 94,201 |
| ARKW | Sell | HUBS | HUBSPOT INC | 541 |
| ARKW | Sell | API | AGORA INC | 1,905 |
| ARKX | Sell | SPCE | VIRGIN GALACTIC HOLDINGS INC | 35 |
| ARKX | Sell | RAVN | RAVEN INDUSTRIES INC | 1,242 |
| ARKX | Sell | NVDA | NVIDIA CORP | 3,915 |
| ARKX | Sell | GRMN | GARMIN LTD | 1,200 |
| ARKX | Sell | ADSK | AUTODESK INC | 4,167 |
| ARKX | Sell | WKHS | WORKHORSE GROUP INC | 50 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
