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Investing

Cathie Wood’s ARK Invest Sells Over 700,000 Shares of Pure Storage

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By Chris Lange Published
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Cathie Wood’s ARK Invest Sells Over 700,000 Shares of Pure Storage

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A couple ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 700,000 shares of Pure Storage Inc. (NYSE: PSTG | PSTG Price Prediction) on Monday, as the share price of these funds traded down around 1% in the day’s session. Their share prices have greatly improved over the past year.

ARK Genomic Revolution ETF (NYSEARCA: ARKG) sold 100,000 shares of Pure Storage, while ARK Innovation ETF (NYSEARCA: ARKK) sold 600,644 shares. At Monday’s closing price, this would have valued this sale at roughly $13.2 million. This is only a small fraction of the total holdings. ARKG is up 60% over the past 52 weeks, and ARKK is up 57%.

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

Fund Ticker Company Shares
ARKF JD JD.Com 66,600
ARKG PSTI Pluristem Therapeutics 1,775
ARKG PSTG Pure Storage 100,000
ARKG CDNA CareDx 500
ARKG BMY Bristol-Myers Squibb 154,834
ARKK TCEHY Tencent Holdings 352,991
ARKK PSTG Pure Storage 600,644
ARKK NVS Novartis 120,883
ARKW HUYA Huya 656,488
ARKW LC LendingClub 140,855
ARKW OPEN Opendoor Technologies 198,519
ARKW PYPL Paypal Holdings 43,302
ARKW ROKU Roku 20,600

[nativounit]
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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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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