Cathie Wood's ARK Invest Dumps Another $62 Million Worth of Tesla Stock

Investing

Published: September 16, 2021 8:05 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, these funds sold over $66 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were up around 1% on Wednesday. Note that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 70,161 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 11,448 shares. At Wednesday’s closing prices, this would have valued the sales at roughly $62.7 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation ETF is up 30% in the past year, and the internet ETF is up 42%.

Check out all the ARK Invest sales for Wednesday as well:

Fund	Ticker	Name	Shares
ARKF	6060HK	ZHONGAN ONLINE P&C INSURANCE	6,081
ARKF	9923HK	YEAHKA	612,400
ARKG	CRBU	CARIBOU BIOSCIENCES	192,600
ARKG	REGN	REGENERON PHARMACEUTICALS	24,054
ARKG	PSTI	PLURISTEM THERAPEUTICS	43
ARKG	BMY	BRISTOL-MYERS SQUIBB	127,638
ARKG	CLLS	CELLECTIS	446
ARKK	NSTG	NANOSTRING TECHNOLOGIES	52,840
ARKK	TSLA	TESLA	70,161
ARKK	TRMB	TRIMBLE	53,161
ARKK	EDIT	EDITAS MEDICINE	38,455
ARKK	NTDOY	NINTENDO	240,500
ARKQ	ISRG	INTUITIVE SURGICAL	5,247
ARKQ	IRDM	IRIDIUM COMMUNICATIONS	19,798
ARKQ	GOOG	ALPHABET	1,800
ARKQ	NXPI	NXP SEMICONDUCTORS	11,000
ARKW	TSLA	TESLA	11,448
ARKW	LC	LENDINGCLUB	206,806
ARKX	GOOG	ALPHABET	598
ARKX	IRDM	IRIDIUM COMMUNICATIONS	43,042
ARKX	SPR	SPIRIT AEROSYSTEMS HOLDINGS	42,942

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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