Investing

Cathie Wood's ARK Invest Sells Over $91 Million Worth of Unity Software Shares

Chris Lange

Published: November 12, 2021 9:10 am

A couple ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. These funds sold over 400,000 shares of Unity Software Inc. (NYSE: U) altogether, as the prices of these funds were mixed on the day. Note that these ETFs are still up handily in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) that sold 443,473 shares of Unity, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 57,398 shares as well. At Thursday’s closing price, this would have valued these sales at $91.2 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation ETF is up 21% in the past 12 months, while the other is up 32%.

Check out all of ARK Invest’s trades for Thursday:

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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