Cathie Wood's ARK Invest Dumps Over $30 Million Worth of Tesla Stock

Investing

Published: November 22, 2021 7:25 am

A pair of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Friday. Specifically, these ETFs sold roughly $30 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down less than 1% on the day. Note though that they are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 17,800 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 9,132 shares. At Friday’s closing prices, this would have valued the sales at roughly $30.6 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are up between 11% and 22% in the past year.

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

Fund	Ticker	Name	Shares
ARKG	TAK	TAKEDA PHARMACEUTICA	95,151
ARKG	INCY	INCYTE	198,333
ARKG	CDXS	CODEXIS	21,914
ARKK	COIN	COINBASE GLOBAL	59,816
ARKK	TSLA	TESLA	17,800
ARKQ	LMT	LOCKHEED MARTIN	10,000
ARKW	TSLA	TESLA INC	9,132

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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