One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.1 milllion shares of Pure Storage Inc. (NYSE: PSTG) on Tuesday, as the share price of this fund traded up nearly 2% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Next Generation ETF (NYSEARCA: ARKW) sold 1,154,405 shares of Pure Storage. At Tuesday’s closing price, this would have valued this sale is roughly $22.3 million. This is only a small fraction of the fund’s total holdings. This fund is up 73% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
|ARKG||Sell||CSTL||CASTLE BIOSCIENCES INC||9,671|
|ARKG||Sell||PSTI||PLURISTEM THERAPEUTICS INC||5,300|
|ARKQ||Sell||GLEO||GALILEO ACQUISITION CORP||907|
|ARKQ||Sell||BYDDY||BYD CO LTD||71,600|
|ARKW||Sell||PSTG||PURE STORAGE INC||1,154,405|
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.