Cathie Wood's ARK Invest Dumps Roughly $88 Million Worth of Tesla Stock

Investing

Published: December 3, 2021 7:35 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $88 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were up less than 1% on the day. Note though that these funds have just turned negative in terms of their performance over the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 59,169 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 21,551 shares. At Thursday’s closing price, this would have valued the sales at roughly $87.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation fund is down 10% in the past year, and the other is down closer to 2%.

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

Fund	Ticker	Name	Shares
ARKF	SE	SEA	25,293
ARKF	TOST	TOAST	189,033
ARKG	DNA	GINKGO BIOWORKS	782,292
ARKG	SLGC	SOMALOGIC	52,635
ARKG	MASS	908 DEVICES	107,633
ARKK	SQ	SQUARE	224,999
ARKK	TRMB	TRIMBLE	11,942
ARKK	TWLO	TWILIO	106,322
ARKK	VCYT	VERACYTE	39,607
ARKK	ZM	ZOOM VIDEO COMMUNICATIONS	130,972
ARKK	SGFY	SIGNIFY HEALTH	9,550
ARKK	RBLX	ROBLOX	370,428
ARKK	NTLA	INTELLIA THERAPEUTICS	79,336
ARKK	MTLS	MATERIALISE	100,035
ARKK	DNA	GINKGO BIOWORKS	1,274,116
ARKQ	ACHR	ARCHER AVIATION	9,715
ARKQ	BLDE	BLADE AIR MOBILITY	44,343
ARKQ	XPEV	XPENG	277,263
ARKQ	ISRG	INTUITIVE SURGICAL	10,738
ARKQ	VUZI	VUZIX	189,161
ARKQ	MKFG	MARKFORGED	60,205
ARKW	ZM	ZOOM VIDEO COMMUNICATIONS	33,081
ARKW	TWLO	TWILIO	41,775
ARKW	SQ	SQUARE	56,407
ARKW	SPLK	SPLUNK	30,300
ARKX	VLD	VELO3D	92,524

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

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