A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. These funds parted with over 150,000 shares of Square Inc. (NASDAQ: SQ), as their share prices gained over 1% in Tuesday’s session. Note that they are up significantly in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 27,430 shares of Square and ARK Innovation ETF (NYSEARCA: ARKK) parted with 122,685 shares. At Tuesday’s closing prices, this would have valued these sales at roughly $40.6 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up more than 36% in the past year.
Check out all of ARK Invest’s sales for Tuesday as well:
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.