Investing
Cathie Wood's ARK Invest Sells Over 700,000 Shares of Pure Storage
Published:
A couple ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 700,000 shares of Pure Storage Inc. (NYSE: PSTG) on Monday, as the share price of these funds traded down around 1% in the day’s session. Their share prices have greatly improved over the past year.
ARK Genomic Revolution ETF (NYSEARCA: ARKG) sold 100,000 shares of Pure Storage, while ARK Innovation ETF (NYSEARCA: ARKK) sold 600,644 shares. At Monday’s closing price, this would have valued this sale at roughly $13.2 million. This is only a small fraction of the total holdings. ARKG is up 60% over the past 52 weeks, and ARKK is up 57%.
Here is a quick look at all the other sales that took place across all ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | JD | JD.Com | 66,600 |
| ARKG | PSTI | Pluristem Therapeutics | 1,775 |
| ARKG | PSTG | Pure Storage | 100,000 |
| ARKG | CDNA | CareDx | 500 |
| ARKG | BMY | Bristol-Myers Squibb | 154,834 |
| ARKK | TCEHY | Tencent Holdings | 352,991 |
| ARKK | PSTG | Pure Storage | 600,644 |
| ARKK | NVS | Novartis | 120,883 |
| ARKW | HUYA | Huya | 656,488 |
| ARKW | LC | LendingClub | 140,855 |
| ARKW | OPEN | Opendoor Technologies | 198,519 |
| ARKW | PYPL | Paypal Holdings | 43,302 |
| ARKW | ROKU | Roku | 20,600 |
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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