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

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:

FundDirectionTickerCompanyShares
ARKGSellCSTLCASTLE BIOSCIENCES INC9,671
ARKGSellPSTIPLURISTEM THERAPEUTICS INC5,300
ARKGSellCDNACAREDX INC316
ARKQSellGLEOGALILEO ACQUISITION CORP907
ARKQSellBYDDYBYD CO LTD71,600
ARKWSellPSTGPURE STORAGE INC1,154,405
ARKWSellSESEA LTD62,111
ARKWSellSQSQUARE INC73,558

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

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