Cathie Wood’s ARK Invest Sells Over 675,000 Shares of Galileo Acquisition
One of Cathie Wood's Ark Invest funds sold over 675,000 shares of Galileo Acquisition on June 17.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 675,000 shares of Galileo Acquisition Corp. (NYSE: GLEO) on Thursday, as the share price of this fund traded up about 1.5% in the day’s session. Its share price has greatly improved over the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 679,335 shares of Galileo Acquisition. At Thursday’s closing price, this would have valued this sale at roughly $6.8 million. This is only a small fraction of the total holdings. This fund is up 78% over the past 52 weeks.
Here is a quick look at the other sales that took place across all ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | TCSLI | TCS GROUP HOLDING PLC | 56,423 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL CO LTD | 483,746 |
| ARKG | SRPT | SAREPTA THERAPEUTICS INC | 25,742 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS INC | 2,500 |
| ARKG | NVS | NOVARTIS AG | 349,532 |
| ARKQ | GLEO | GALILEO ACQUISITION CORP | 679,335 |
| ARKQ | RAVN | RAVEN INDUSTRIES INC | 402 |
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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.
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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.
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