Investing
Cathie Wood's ARK Invest Sells Over 675,000 Shares of Galileo Acquisition
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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 |
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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