Cathie Wood’s ARK Invest Sells Over $21 Million Worth of Unity Software Shares
One of Cathie Wood's Ark Invest exchange-traded funds sold nearly 150,000 shares of Unity Software on October 14.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Thursday. This fund sold nearly 150,000 shares of Unity Software Inc. (NYSE: U | U Price Prediction), as the price of this fund gained more than 1% on the day. Note that this ETF is still up handily in the past year.
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It was ARK Innovation ETF (NYSEARCA: ARKK) that sold 148,768 shares of Unity. At Thursday’s closing price, this would have valued this sale at $21.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up over 13% in the past 12 months.
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Check out all of ARK Invest’s trades for Thursday:
| Fund | Direction | Ticker | Name | Shares |
|---|---|---|---|---|
| ARKG | Buy | DYNS | DYNAMICS SPECIAL PURPOSE | 55,000 |
| ARKG | Buy | SLGC | SOMALOGIC | 197,172 |
| ARKG | Buy | VCYT | VERACYTE | 603 |
| ARKK | Sell | PRLB | PROTO LABS | 271,874 |
| ARKK | Sell | U | UNITY SOFTWARE | 148,768 |
| ARKQ | Buy | BLDE | BLADE AIR MOBILITY | 101,265 |
| ARKQ | Buy | TWOU | 2U INC | 511 |
| ARKQ | Buy | VLD | VELO3D | 50,249 |
| ARKX | Buy | MKFG | MARKFORGED | 11,298 |
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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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
