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