Cathie Wood's ARK Invest Sells $117 Million Worth of Tesla Shares

Investing

Published: August 6, 2021 8:15 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, theses fund sold over 160,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of these funds were up over 1% on the day. Note though that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 144,200 shares of Tesla and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 19,558 shares. At Thursday’s closing price, this would have valued the sales at roughly $117.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 49% in the past year and ARKW is up 48%.

Check out all of ARK Invest’s sales for Thursday as well:

Fund	Ticker	Company	Shares
ARKG	CLLS	Cellectis	14,902
ARKG	SEER	Seer	59,340
ARKG	RHHBY	Roche	265,501
ARKG	PSTI	Pluristem Therapeutics	7,505
ARKK	TSLA	Tesla	144,200
ARKK	SQ	Square	166,300
ARKK	SHOP	Shopify	8,221
ARKK	NTDOY	Nintendo	96,515
ARKK	MCRB	Seres Therapeutics	246,378
ARKQ	TCEHY	Tencent	39
ARKW	JD	JD.Com	100
ARKW	SQ	Square	41,852
ARKW	TSLA	Tesla	19,558
ARKW	TTD	Trade Desk	161,534

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.

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