Cathie Wood’s ARK Invest Sells Over 1 Million Shares of Pure Storage
One of Cathie Wood's Ark Invest funds sold over 1.1 shares of Pure Storage on June 22.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.1 milllion shares of Pure Storage Inc. (NYSE: PSTG | PSTG Price Prediction) 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:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKG | Sell | CSTL | CASTLE BIOSCIENCES INC | 9,671 |
| ARKG | Sell | PSTI | PLURISTEM THERAPEUTICS INC | 5,300 |
| ARKG | Sell | CDNA | CAREDX INC | 316 |
| ARKQ | Sell | GLEO | GALILEO ACQUISITION CORP | 907 |
| ARKQ | Sell | BYDDY | BYD CO LTD | 71,600 |
| ARKW | Sell | PSTG | PURE STORAGE INC | 1,154,405 |
| ARKW | Sell | SE | SEA LTD | 62,111 |
| ARKW | Sell | SQ | SQUARE INC | 73,558 |
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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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.
