Investing
Cathie Wood's ARK Invest Dumps Over $41 Million Worth of Tesla Stock
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A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $41 million worth of Tesla Inc. (NASDAQ: TSLA), as the prices of these funds were up less than 1% on Thursday. Note though that they are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 35,520 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 4,422 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 6,472 shares. At Thursday’s closing prices, this would have valued the sales at roughly $41.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up between 24% and 35% in the past year.
Check out all the ARK Invest sales for Thursday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKK | PRLB | PROTO LABS | 38,600 |
| ARKK | TSLA | TESLA | 35,520 |
| ARKQ | TSLA | TESLA | 4,422 |
| ARKW | TSLA | TESLA | 6,472 |
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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