One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 200,000 shares of Pure Storage Inc. (NYSE: PSTG) on Wednesday, as the share price of this fund traded up over 1% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 220,000 shares of Pure Storage. At Wednesday’s closing price, this would have valued this sale at roughly $4.4 million. This is only a small fraction of the fund’s total holdings. This fund is up 51% 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 nonvoting shareholder of 24/7 Wall St.