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