Cathie Wood's ARK Invest Dumps Over $66 Million Worth of Tesla Stock

Investing

Published: September 15, 2021 8:05 am

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.