Cathie Wood’s ARK Invest Sells Over 550,000 Shares of Pure Storage

One of Cathie Wood's Ark Invest funds sold over 550,000 shares of Pure Storage on July 7.

Published July 8, 2021, 9:25am ET · 1 min read

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

A digital graphic featuring a luminous blue globe at the center, surrounded by a radiant cloud icon with a keyhole cut-out, all set against a dark blue background. Numerous small white icons, including user profiles, WiFi symbols, document folders, and location markers, orbit the globe and are connected by glowing white lines, illustrating a secure, interconnected global network. — A secure digital cloud network, represented by a glowing globe and central cloud icon, illustrates Cloudflare's enhanced capabilities for protecting sensitive federal agency data following its FedRAMP High authorization. © kanawatvector / Getty Images

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 550,000 shares of Pure Storage Inc. (NYSE: PSTG | PSTG Price Prediction) on Wednesday, as the share price of this fund traded down nearly 2% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 558,825 shares of Pure Storage. At Wednesday’s closing price, this would have valued this sale is roughly $10.7 million. This is only a small fraction of the fund’s total holdings. This fund is up 60% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

Fund	Ticker	Company	Shares
ARKF	SE	Sea	54,753
ARKG	PSTI	Pluristem Therapeutics	1,197
ARKG	CSTL	Castle Biosciences	20,378
ARKG	CDNA	CareDx	7,500
ARKG	BMY	Bristol-Myers Squibb	69,853
ARKG	TXG	10X Gemomics	89,450
ARKK	TCEHY	Tencent Holdings	328,750
ARKK	ROKU	Roku	127,700
ARKK	PSTG	Pure Storage	558,825
ARKK	NVS	Novartis	131,960
ARKK	IOVA	Iovance Biotherapeutics	220,401
ARKK	ICE	Intercontinental Exchange	74,089
ARKK	BEKE	KE Holdings	444,483
ARKQ	RAVN	Raven Industries	157,635
ARKW	HUYA	Huya	81,952
ARKW	LC	LendingClub	73,000
ARKW	ROKU	Roku	28,405
ARKW	BEKE	KE Holdings	291,767
ARKX	RAVN	Raven Industries	54,049

[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
[recirclink id=909938][wallst_email_signup]

Contact [email protected] for any questions or corrections.

Chris Lange

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.

All articles →