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Investing

Cathie Wood’s ARK Invest Sells Over 60,000 Shares of Tesla

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By Chris Lange Published
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Cathie Wood’s ARK Invest Sells Over 60,000 Shares of Tesla

© Justin Sullivan / Getty Images News via Getty Images

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, this fund sold over 60,000 shares of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the price of the fund was up around 1% on the day. Note though that it is up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 63,135 shares of Tesla. At Wednesday’s closing price, this would have valued the sale at roughly $49.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 17% in the past year.

Check out all of ARK Invest’s sales for Wednesday as well:

Fund Ticker Name Shares
ARKG SMFR SEMA4 626,139
ARKG VRTX VERTEX PHARMACEUTICALS 67,671
ARKG SDGR SCHRODINGER 22,860
ARKG REGN REGENERON PHARMACEUTICALS 30,723
ARKG IOVA IOVANCE BIOTHERAPEUTICS 65,866
ARKK NSTG NANOSTRING TECHNOLOGIES 73,214
ARKK SE SEA 62,700
ARKK TSLA TESLA 63,135
ARKK PRLB PROTO LABS 65,032
ARKQ BYDDY BYD 14,050
ARKX HOFP THALES 14,900

[nativounit]
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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Photo of Chris Lange
About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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