Investing
Cathie Wood's ARK Invest Dumps Roughly $265 Million Worth of Tesla Stock
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A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold roughly $265 million worth of Tesla Inc. (NASDAQ: TSLA), as the prices of these funds were down around 4% on Tuesday. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 269,552 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 44,045 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 27,021 shares. At Tuesday’s closing prices, this would have valued the sales at roughly $265 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up anywhere between 24% and 41% in the past year.
Check out all the ARK Invest sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | NVS | NOVARTIS | 320,220 |
| ARKG | SDGR | SCHRODINGER | 97,947 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 239,900 |
| ARKG | CLLS | CELLECTIS | 700 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 36,178 |
| ARKK | NTDOY | NINTENDO | 182,573 |
| ARKK | TSLA | TESLA | 269,552 |
| ARKK | SE | SEA | 198,375 |
| ARKQ | GOOG | ALPHABET | 1,400 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 20,023 |
| ARKQ | TSLA | TESLA | 44,045 |
| ARKW | TSLA | TESLA | 27,021 |
| ARKW | SNAP | SNAP | 68,883 |
| ARKX | GOOG | ALPHABET | 594 |
| ARKX | HEI | HEICO | 2,235 |
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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