Investing
Cathie Wood's ARK Invest Sells Over 1 Million Shares of Pure Storage
Published:
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 1.1 milllion shares of Pure Storage Inc. (NYSE: PSTG) on Tuesday, as the share price of this fund traded up nearly 2% in the day’s session. The fund’s share price has greatly improved over the past year.
ARK Next Generation ETF (NYSEARCA: ARKW) sold 1,154,405 shares of Pure Storage. At Tuesday’s closing price, this would have valued this sale is roughly $22.3 million. This is only a small fraction of the fund’s total holdings. This fund is up 73% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK ETFs:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKG | Sell | CSTL | CASTLE BIOSCIENCES INC | 9,671 |
| ARKG | Sell | PSTI | PLURISTEM THERAPEUTICS INC | 5,300 |
| ARKG | Sell | CDNA | CAREDX INC | 316 |
| ARKQ | Sell | GLEO | GALILEO ACQUISITION CORP | 907 |
| ARKQ | Sell | BYDDY | BYD CO LTD | 71,600 |
| ARKW | Sell | PSTG | PURE STORAGE INC | 1,154,405 |
| ARKW | Sell | SE | SEA LTD | 62,111 |
| ARKW | Sell | SQ | SQUARE INC | 73,558 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.
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