One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1,450,000 shares of HUYA Inc. (NYSE: HUYA) on Tuesday, 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 459,475 shares of Huya. At Tuesday’s closing price, this would have valued this sale at roughly $2.3 million. This is only a small fraction of the 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:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.