Cathie Wood's ARK Invest Sells Over 675,000 Shares of Galileo Acquisition

Investing

Published: June 18, 2021 9:15 am

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 675,000 shares of Galileo Acquisition Corp. (NYSE: GLEO) on Thursday, as the share price of this fund traded up about 1.5% in the day’s session. Its share price has greatly improved over the past year.

ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 679,335 shares of Galileo Acquisition. At Thursday’s closing price, this would have valued this sale at roughly $6.8 million. This is only a small fraction of the total holdings. This fund is up 78% over the past 52 weeks.

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

Fund	Ticker	Company	Shares
ARKF	TCSLI	TCS GROUP HOLDING PLC	56,423
ARKG	TAK	TAKEDA PHARMACEUTICAL CO LTD	483,746
ARKG	SRPT	SAREPTA THERAPEUTICS INC	25,742
ARKG	PSTI	PLURISTEM THERAPEUTICS INC	2,500
ARKG	NVS	NOVARTIS AG	349,532
ARKQ	GLEO	GALILEO ACQUISITION CORP	679,335
ARKQ	RAVN	RAVEN INDUSTRIES INC	402

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

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