Investing
Cathie Wood's ARK Invest Dumps Over $66 Million Worth of Tesla Stock
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold over $66 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down around 1% on Tuesday. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 70,369 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 18,555 shares. At Tuesday’s closing prices, this would have valued the sales at roughly $66 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation ETF is up 33% in the past year, and the internet ETF is up 44%.
Check out all the ARK Invest sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA | 246,000 |
| ARKF | ADYENNA | ADYEN | 5,768 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 43,309 |
| ARKG | CLLS | CELLECTIS | 2,703 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 45 |
| ARKG | CDXS | CODEXIS | 3,350 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 104,381 |
| ARKK | TSLA | TESLA | 70,369 |
| ARKK | TRMB | TRIMBLE | 114,652 |
| ARKK | NTDOY | NINTENDO CO | 225,842 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 30,626 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 275,500 |
| ARKK | EDIT | EDITAS MEDICINE | 13,648 |
| ARKQ | NVDA | NVIDIA | 48 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS | 30,905 |
| ARKW | LC | LENDINGCLUB | 230,963 |
| ARKW | TSLA | TESLA | 18,555 |
| ARKW | TTD | TRADE DESK | 186 |
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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