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:
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.