Investing
Cathie Wood's ARK Invest Dumps Over $19 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 Monday. Specifically, these funds sold over $19 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were mixed on Monday. Note that they are up a fair amount in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 11,000 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 13,361 shares. At Monday’s closing prices, this would have valued the sales at roughly $19.3 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up 49% in the past year, and the internet ETF is up 40%.
Check out all the ARK Invest sales for Monday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | SE | SEA | 41,393 |
| ARKF | MELI | MERCADOLIBRE | 7,665 |
| ARKG | SMFR | SEMA4 | 1,200 |
| ARKG | NVS | NOVARTIS | 107,020 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 11,200 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 39,860 |
| ARKG | CLLS | CELLECTIS | 24,503 |
| ARKG | CDXS | CODEXIS | 1,200 |
| ARKK | TER | TERADYNE | 67,000 |
| ARKQ | TSLA | TESLA | 11,000 |
| ARKQ | SNPS | SYNOPSYS | 25,099 |
| ARKW | TWLO | TWILIO | 31,431 |
| ARKW | TSLA | TESLA | 13,361 |
| ARKX | HEI | HEICO | 6,152 |
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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