Investing
Cathie Wood's ARK Invest Sells Over $91 Million Worth of Unity Software Shares
Published:
Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. These funds sold over 530,000 shares of Unity Software Inc. (NYSE: U) altogether, as the price of these ETFs gained around 1% on the day. Note that they are somewhat mixed in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 334,800 shares of this video game software developer, while ARK Robotics ETF (NYSEARCA: ARKQ) sold 185,740 shares and ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX) sold 14,130 shares. At Monday’s closing price, this would have valued these sales at $91 million. Even though this is a small fraction of the total holdings, every little bit counts. The robotics fund is up over 20% in the past 12 months, while the others are down around 3% or so.
Check out all of ARK Invest’s sales for Monday:
Fund | Ticker | Name | Shares |
---|---|---|---|
ARKF | JD | JD.COM | 184,850 |
ARKF | TCEHY | TENCENT | 168,432 |
ARKG | PFE | PFIZER | 55,337 |
ARKG | REGN | REGENERON PHARMACEUTICALS | 15,900 |
ARKG | CSTL | CASTLE BIOSCIENCES | 1,800 |
ARKG | CDXS | CODEXIS | 22,000 |
ARKG | TAK | TAKEDA PHARMACEUTICAL | 65,424 |
ARKK | U | UNITY SOFTWARE | 334,800 |
ARKQ | U | UNITY SOFTWARE | 185,740 |
ARKW | NET | CLOUDFLARE | 49,214 |
ARKX | U | UNITY SOFTWARE | 14,130 |
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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