One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 200,000 shares of Snap Inc. (NYSE: SNAP) on Tuesday, as the share price of this fund traded down 0.6% in the day’s session. The ETF’s share price has greatly improved over the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) parted with 198,442 shares of Snap. At Tuesday’s closing price, this would have valued this sale at roughly $14.6 million. This is only a small fraction of the total holdings. This fund is up 38% over the past 52 weeks.
Here is a quick look at all the sales that took place across the ARK ETFs:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.