Investing
Cathie Wood's ARK Invest Dumps Over $30 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 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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