Cathie Wood’s ARK Invest Sells Over 500,000 Shares of Huya

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 500,000 shares of HUYA Inc. (NYSE: HUYA) on Friday, as the share price of this fund traded up nearly 5% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 502,100 shares of Huya. At Friday’s closing price, this would have valued this sale at roughly $7.8 million. This is only a small fraction of the total holdings. This fund is up 88% over the past 52 weeks.

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

FundDirectionTickerCompanyShares
ARKFSell9923HKYEAHKA LTD517,200
ARKFSellMKTXMARKETAXESS HOLDINGS INC1,100
ARKFSellNVDANVIDIA CORP500
ARKGSellVRTXVERTEX PHARMACEUTICALS INC2,077
ARKGSellTMOTHERMO FISHER SCIENTIFIC INC2,800
ARKGSellSYRSSYROS PHARMACEUTICALS INC204,414
ARKGSellSRPTSAREPTA THERAPEUTICS INC179,845
ARKGSellRHHBYROCHE HOLDING AG103,334
ARKGSellPSTIPLURISTEM THERAPEUTICS INC37,570
ARKGSellPHRPHREESIA INC6,500
ARKKSellBIDUBAIDU INC19,000
ARKKSellONVOORGANOVO HOLDINGS INC11,890
ARKKSellTREELENDINGTREE INC102,911
ARKKSellSNPSSYNOPSYS INC29,680
ARKKSellREGNREGENERON PHARMACEUTICALS INC1,121
ARKKSellHUYAHUYA INC502,100
ARKKSellPCARPACCAR INC4,300
ARKWSellTCEHYTENCENT HOLDINGS LTD135,332
ARKWSellNVDANVIDIA CORP218
ARKWSellNFLXNETFLIX INC26,621
ARKWSellFSLYFASTLY INC2,400
ARKWSellCRWDCROWDSTRIKE HOLDINGS INC420
ARKWSellBIDUBAIDU INC3,300
ARKWSellAPIAGORA INC283,508
ARKXSellSPCEVIRGIN GALACTIC HOLDINGS INC6,000
ARKXSellWKHSWORKHORSE GROUP INC136,395

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

Source: Read Full Article

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