Cathie Wood's ARK Invest Sells Over 80,000 Shares of Tesla

Investing

Published: November 3, 2021 7:40 am

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, this fund sold over 80,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of the fund was down around 1% on the day. Note that it is up a fair amount in the past year.
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It was the ARK Innovation ETF (NYSEARCA: ARK) that sold 80,100 shares of Tesla. At Tuesday’s closing price, this would have valued the sale at roughly $93.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 38% in the past year.

Check out all of ARK Invest’s sales for Tuesday as well:

Fund	Ticker	Name	Shares
ARKF	PINS	PINTEREST	136,973
ARKG	NSTG	NANOSTRING TECHNOLOGIES	122,145
ARKG	IOVA	IOVANCE BIOTHERAPEUTICS	232,200
ARKG	CSTL	CASTLE BIOSCIENCES	8,174
ARKK	TSLA	TESLA	80,100
ARKQ	LMT	LOCKHEED MARTIN	7,700
ARKW	U	UNITY SOFTWARE	159,900
ARKW	PLTR	PALANTIR TECHNOLOGIES	847,901
ARKX	U	UNITY SOFTWARE	18,410

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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