Cathie Wood’s ARK Invest Sells Over $91 Million Worth of Unity Software Shares
A few of Cathie Wood's Ark Invest exchange-traded funds sold over 530,000 shares of Unity Software on November 29.
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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 | U Price Prediction) altogether, as the price of these ETFs gained around 1% on the day. Note that they are somewhat mixed in the past year.
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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.
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Check out all of ARK Invest’s sales for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | JD | JD.COM | 184,850 |
| ARKF | TCEHY | TENCENT | 168,432 |
| ARKG | PFE | PFIZER | 55,337 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 15,900 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 1,800 |
| ARKG | CDXS | CODEXIS | 22,000 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 65,424 |
| ARKK | U | UNITY SOFTWARE | 334,800 |
| ARKQ | U | UNITY SOFTWARE | 185,740 |
| ARKW | NET | CLOUDFLARE | 49,214 |
| ARKX | U | UNITY SOFTWARE | 14,130 |
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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
