One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. This fund sold over 130,000 shares of Unity Software Inc. (NYSE: U), as the price of this ETF lost more than 1% on the day. Note that this stock is still up handily in the past year.
It was ARK Innovation ETF (NYSEARCA: ARKK) that sold 138,794 shares of Unity. At Friday’s closing price, this would have valued this sale at $18.8 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up over 42% in the past 12 months.
Check out all of ARK Invest’s Sells for Friday:
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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., owner of 247wallst.com.
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