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.
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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.

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