Investing
Cathie Wood's ARK Invest Sells Over 1.8 Million Shares of Pure Storage
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.8 million shares of Pure Storage Inc. (NYSE: PSTG) on Monday, as the share price of this fund traded up nearly 1% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 1,848,162 shares of Pure Storage. At Monday’s closing price, this would have valued this sale at roughly $33.7 million. This is only a small fraction of the fund’s total holdings. This fund is up 48% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | SCHW | Charles Schwab | 138,156 |
| ARKG | IOVA | Iovance Biotherapeutics | 72,990 |
| ARKG | CSTL | Castle Biosciences | 22,604 |
| ARKG | CDNA | CareDx | 79,630 |
| ARKG | ABBV | AbbVie | 151,641 |
| ARKK | NVS | Novartis | 81,600 |
| ARKK | PSTG | Pure Storage | 1,848,162 |
| ARKK | TCEHY | Tencent | 343,810 |
| ARKQ | RAVN | Raven Industries | 64,892 |
| ARKQ | ISRG | Intuitive Surgical | 7,724 |
| ARKQ | GLEO | Galileo Acquisition | 56 |
| ARKW | SHOP | Shopify | 7,840 |
| ARKW | OPEN | Opendoor Technologies | 954,300 |
| ARKW | NTDOY | Nintendo | 222,811 |
| ARKW | HUYA | Huya | 30,000 |
| ARKW | BEKE | KE Holdings | 259,723 |
| ARKX | AMZN | Amazon.com | 839 |
| ARKX | JD | JD.Com | 169,263 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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