Cathie Wood's ARK Invest Sells Over 1 Million Shares of Pure Storage

Investing

Published: June 23, 2021 10:05 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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.

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.