Cathie Wood’s ARK Invest Sells Over 700,000 Shares of Pure Storage
A couple of Cathie Wood's Ark Invest funds sold over 700,000 shares of Pure Storage on July 12.
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A couple ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 700,000 shares of Pure Storage Inc. (NYSE: PSTG | PSTG Price Prediction) 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 |
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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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Contact [email protected] for any questions or corrections.
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.
