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