Cathie Wood’s ARK Invest Sells Over 425,000 Shares of KE Holdings
One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold nearly 650,000 shares of KE Holdings Inc. (NYSE: BEKE) on Thursday, as the share price of this fund traded relatively flat in Thursday’s session. The fund’s share price has pushed much higher in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 425,950 shares of KE. At Thursday’s closing price, this would have valued this sale at roughly $16.2 million. This is only a small fraction of the total holdings. This fund is up 51% over the past 52 weeks.
Here is a quick look at all the other sales that took place across all ARK Invest ETFs:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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