Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. These funds sold over 530,000 shares of Unity Software Inc. (NYSE: U) altogether, as the price of these ETFs gained around 1% on the day. Note that they are somewhat mixed in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 334,800 shares of this video game software developer, while ARK Robotics ETF (NYSEARCA: ARKQ) sold 185,740 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 14,130 shares. At Monday’s closing price, this would have valued these sales at $91 million. Even though this is a small fraction of the total holdings, every little bit counts. The robotics fund is up over 20% in the past 12 months, while the others are down around 3% or so.
Check out all of ARK Invest’s sales for Monday:
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.