Cathie Wood's ARK Invest Dumps Roughly $156 Million Worth of Tesla Stock

Investing

Published: November 24, 2021 10:25 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. Specifically, these ETFs sold roughly $156 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.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) sold 121,044 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 20,058 shares. At Tuesday’s closing price, this would have valued the sales at roughly $156.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation funds is flat in the past year, and the other is up over 10%.

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

Fund	Ticker	Name	Shares
ARKF	PAGS	PAGSEGURO DIGITAL	504,183
ARKF	OPEN	OPENDOOR TECHNOLOGIES	166,324
ARKF	FTCH	FARFETCH	168,555
ARKF	FB	FACEBOOK	43,188
ARKG	CSTL	CASTLE BIOSCIENCES	67,491
ARKG	INCY	INCYTE	150,827
ARKG	VRTX	VERTEX PHARMACEUTICALS	123,956
ARKK	TSLA	TESLA	121,011
ARKQ	LMT	LOCKHEED MARTIN	19,256
ARKW	TSLA	TESLA	20,058
ARKW	FTCH	FARFETCH	191,947
ARKX	HOFP	THALES	12,044

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.

24/7 Wall St.
Top Strategist Says Health Care Could Rule in 2022: 5 Dividend Winners

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.