Cathie Wood's ARK Invest Dumps Over $39 Million Worth of Tesla Stock

Investing

Published: November 19, 2021 7:35 am

A pair of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $39 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down more than 2% on Thursday. Note though that they are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 29,669 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 6,061 shares. At Thursday’s closing prices, this would have valued the sales at roughly $39.2 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up between 14% and 26% in the past year.

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

Fund	Ticker	Name	Shares
ARKF	PDD	PINDUODUO	38,599
ARKF	SHOP	SHOPIFY	4,768
ARKG	TAK	TAKEDA PHARMACEUTICAL	151,502
ARKG	INCY	INCYTE	35,300
ARKG	CDXS	CODEXIS	181,900
ARKK	TSLA	TESLA	29,669
ARKK	U	UNITY SOFTWARE	176,041
ARKQ	U	UNITY SOFTWARE	47,740
ARKW	TSLA	TESLA	6,061
ARKW	U	UNITY SOFTWARE	29,035

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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