One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, this fund sold over 380,000 shares of Iridium Communications Inc. (NASDAQ: IRDM), as the price of this fund gained about 3% on Thursday. Note that this ETF is down a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 380.778 shares of Iridium. At Thursday’s closing price, this would have valued the sale at roughly $16.1 million. Even though this is a small fraction of their total holdings, every little bit counts. The ETF is down about 23% in the past year.

Check out all the ARK Invest sales for Thursday as well:

Fund	Ticker	Name	Shares
ARKG	VRTX	VERTEX PHARMACEUTICALS	21,551
ARKG	ALLO	ALLOGENE THERAPEUTICS	164
ARKK	SHOP	SHOPIFY	17,941
ARKK	TSLA	TESLA	23,942
ARKK	IOVA	IOVANCE BIOTHERAPEUTICS	202,646
ARKK	IRDM	IRIDIUM COMMUNICATIONS	380,778
ARKK	SPOT	SPOTIFY TECHNOLOGY	108,867
ARKW	LPSN	LIVEPERSON	1,479

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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