Cathie Wood’s ARK Invest Sells Over 260,000 Shares of Huya

One ARK Invest exchange-traded fund run by ETF star Cathie Wood sold over 260,000 shares of HUYA Inc. (NYSE: HUYA) on Thursday, as the share price of this fund traded up nearly 1% in the day’s session. The fund’s share price has greatly improved over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 268,800 shares of Huya. At Thursday’s closing price, this would have valued this sale at roughly $4.0 million. This is only a small fraction of the total holdings. This fund is up 85% over the past 52 weeks.

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

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: 4 Recent IPOs Have Potential for Some Huge Gains

Source: Read Full Article