Cathie Wood’s ARK Invest Sells Nealy 1 Million Shares of Pure Storage

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 1 million shares of Pure Storage Inc. (NYSE: PSTG) on Monday, as the share price of this fund traded up nearly 3% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 995,901 shares of Pure Storage. At Monday’s closing price, this would have valued this sale at roughly $18.9 million. This is only a small fraction of the total holdings. ARKK is up 76% over the past 52 weeks.

Here is a quick look at all the other sales that took place across all ARK ETFs:

FundDirectionTickerCompanyShares
ARKFSell9923HKYEAHKA LTD210,000
ARKFSellSCHWCHARLES SCHWAB CORP/THE59,936
ARKGSellGHGUARDANT HEALTH INC152,200
ARKGSellPSTIPLURISTEM THERAPEUTICS INC600
ARKKSellSYRSSYROS PHARMACEUTICALS INC12,700
ARKKSellSNPSSYNOPSYS INC306
ARKKSellPSTGPURE STORAGE INC995,901
ARKKSellONVOORGANOVO HOLDINGS INC3,062
ARKKSellNVSNOVARTIS AG44,973
ARKKSellNTDOYNINTENDO CO LTD86,828
ARKKSellICEINTERCONTINENTAL EXCHANGE INC187,281
ARKKSellHUYAHUYA INC136,943
ARKQSellADSKAUTODESK INC28,706
ARKQSellAVAVAEROVIRONMENT INC12,950
ARKQSellGLEOGALILEO ACQUISITION CORP30,186
ARKQSellWKHSWORKHORSE GROUP INC6,997
ARKWSellTREELENDINGTREE INC1,889
ARKWSellSISILVERGATE CAPITAL CORP18
ARKWSellPINSPINTEREST INC6
ARKWSellPDDPINDUODUO INC32,396
ARKWSellJDJD.COM INC94,201
ARKWSellHUBSHUBSPOT INC541
ARKWSellAPIAGORA INC1,905
ARKXSellSPCEVIRGIN GALACTIC HOLDINGS INC35
ARKXSellRAVNRAVEN INDUSTRIES INC1,242
ARKXSellNVDANVIDIA CORP3,915
ARKXSellGRMNGARMIN LTD1,200
ARKXSellADSKAUTODESK INC4,167
ARKXSellWKHSWORKHORSE GROUP INC50

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.

ALSO READ: Hedge and Mutual Fund Managers Love These Red-Hot Financials


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article