Cathie Wood's ARK Invest Dumps Nearly $211 Million Worth of Tesla Stock

Investing

Published: November 23, 2021 9:35 am

A few of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Monday. Specifically, these ETFs sold roughly $211 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down more than 3% 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 97,592 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 21,636 shares,and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 63,055 shares. At Monday’s closing price, this would have valued the sales at roughly $210.9 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are up between 5% and 28% in the past year.

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

Fund	Ticker	Name	Shares
ARKF	FB	FACEBOOK	157,892
ARKF	OPEN	OPENDOOR TECHNOLOGIES	322,500
ARKF	PAGS	PAGSEGURO DIGITAL	175,826
ARKF	PYPL	PAYPAL HOLDINGS	125,423
ARKG	VEEV	VEEVA SYSTEMS	40,656
ARKG	VRTX	VERTEX PHARMACEUTICALS	95,438
ARKG	TAK	TAKEDA PHARMACEUTICAL	28,133
ARKG	REGN	REGENERON PHARMACEUTICALS	17,100
ARKG	INCY	INCYTE	122,176
ARKG	CSTL	CASTLE BIOSCIENCES	16,703
ARKG	CDXS	CODEXIS	231,042
ARKK	TSLA	TESLA	97,592
ARKQ	LMT	LOCKHEED MARTIN	6,800
ARKQ	TSLA	TESLA	21,636
ARKW	TSLA	TESLA	63,055
ARKW	ETSY	ETSY	79,263
ARKW	FTCH	FARFETCH	1,150,248
ARKW	FB	FACEBOOK	115,833
ARKX	ANSS	ANSYS	2,012

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.