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.
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.