Investing
Cathie Wood's ARK Invest Dumps Nearly $130 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 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 | 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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