Cathie Wood’s ARK Invest Sells Over 450,000 Shares of Huya

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 450,000 shares of HUYA Inc. (NYSE: HUYA) on Thursday, as the share price of this fund traded down about 1% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 453,955 shares of Huya. At Thursday’s closing price, this would have valued this sale at roughly $6.8 million. This is only a small fraction of the total holdings. This fund is up 55% over the past 52 weeks.

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

FundTickerCompanyShares
ARKGBMYBristol-Myers Squibb37,200
ARKKTCEHYTencent340,453
ARKKROKURoku128,923
ARKKIOVAIovance Biotherapeutics175,150
ARKQRAVNRaven Industries43,000
ARKWTWTRTwitter135,492
ARKWSPOTSpotify Technology23,500
ARKWLCLendingClub37,900
ARKWHUYAHuya453,955
ARKWZZillow52,900

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.

ALSO READ: Top ESG Fund Managers Love and Own These 5 Blue Chip Leaders


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article