Cathie Wood’s ARK Invest Sells Over $91 Million Worth of Unity Software Shares
A couple of Cathie Wood's Ark Invest exchange-traded funds sold over 500,000 shares of Unity Software on November 11.
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A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. These funds sold over 400,000 shares of Unity Software Inc. (NYSE: U | U Price Prediction) altogether, as the prices of these funds were mixed on the day. Note that these ETFs are still up handily in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) that sold 443,473 shares of Unity, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 57,398 shares as well. At Thursday’s closing price, this would have valued these sales at $91.2 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation ETF is up 21% in the past 12 months, while the other is up 32%.
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Check out all of ARK Invest’s trades for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | VEEV | VEEVA SYSTEMS | 22,606 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 15,885 |
| ARKG | PFE | PFIZER | 407,075 |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 752 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 70,800 |
| ARKG | CLLS | CELLECTIS | 18,107 |
| ARKG | CDXS | CODEXIS | 34,243 |
| ARKK | Z | ZILLOW | 137,710 |
| ARKK | U | UNITY SOFTWARE | 443,473 |
| ARKK | PRLB | PROTO LABS | 29,096 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 1,050 |
| ARKK | COIN | COINBASE GLOBAL | 124,316 |
| ARKW | COIN | COINBASE GLOBAL | 31,658 |
| ARKW | PYPL | PAYPAL HOLDINGS | 100 |
| ARKW | U | UNITY SOFTWARE | 57,398 |
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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Contact [email protected] for any questions or corrections.
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.
