One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 450,000 shares of HUYA Inc. (NYSE: HUYA) on Thursday, as the share price of this fund traded down about 1% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 453,955 shares of Huya. 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 55% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
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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