Investing
Cathie Wood's ARK Invest Dumps Nearly $130 Million Worth of Tesla Stock
Published:
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.
[in-text-ad]
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 | 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.
24/7 Wall St.Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
