Cathie Wood's ARK Invest Dumps Nearly $130 Million Worth of Tesla Stock

Investing

Published: October 27, 2021 7:40 am

A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. Specifically, these ETFs sold roughly $130 million worth of Tesla Inc. (NASDAQ: TSLA), as the prices of these funds were down less than 1% on Tuesday. Note though that they are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 101,200 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 20,600 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 5,815 shares. At Tuesday’s closing prices, this would have valued the sales at roughly $130.0 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up between 26% and 40% in the past year.

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

Fund	Ticker	Name	Shares
ARKF	PINS	PINTEREST	160,115
ARKF	SE	SEA	64,534
ARKG	VEEV	VEEVA SYSTEMS	81,645
ARKK	TSLA	TESLA	101,200
ARKK	PRLB	PROTO LABS	5,700
ARKK	COIN	COINBASE GLOBAL	71,287
ARKQ	TSLA	TESLA	20,600
ARKW	TSLA	TESLA	5,815
ARKW	COIN	COINBASE GLOBAL	16,796
ARKW	U	UNITY SOFTWARE	50,603
ARKX	U	UNITY SOFTWARE	18,272

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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