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