Cathie Wood's ARK Invest Dumps Nearly $112 Million Worth of Tesla Stock

Investing

Published: October 5, 2021 10:05 am

A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Monday. Specifically, these funds sold roughly $112 million worth of Tesla Inc. (NASDAQ: TSLA), as the prices of these funds were down around 3% on Monday. Note though that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 81,792 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 31,008 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 30,352 shares. At Monday’s closing prices, this would have valued the sales at roughly $111.9 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up between 18% and 34% in the past year.

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

Fund	Ticker	Name	Shares
ARKF	9923HK	YEAHKA	37,200
ARKF	SI	SILVERGATE CAPITAL	80,457
ARKF	OPEN	OPENDOOR TECHNOLOGIES	343,600
ARKF	INTU	INTUIT	18,147
ARKG	VRTX	VERTEX PHARMACEUTICALS	60,022
ARKG	NVS	NOVARTIS	776
ARKG	TAK	TAKEDA PHARMACEUTICAL	222,743
ARKG	SMFR	SEMA4	14,233
ARKG	CLLS	CELLECTIS	115,200
ARKG	CRBU	CARIBOU BIOSCIENCES	1,344
ARKG	SDGR	SCHRODINGER	8,792
ARKG	REGN	REGENERON PHARMACEUTICALS	42,297
ARKK	TSLA	TESLA	81,792
ARKK	TER	TERADYNE	475
ARKK	SKLZ	SKILLZ	278,800
ARKK	PRLB	PROTO LABS	2,900
ARKK	NTDOY	NINTENDO	32,469
ARKQ	BYDDY	BYD	13,708
ARKQ	TSLA	TESLA	31,008
ARKW	TSLA	TESLA	30,352
ARKW	SE	SEA	21,848
ARKW	PYPL	PAYPAL	51,269
ARKX	BA	BOEING	8,600

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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