One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. Specifically, this fund sold over 115,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of the fund was down around 5% on the day. Note that the fund is down a fair amount over the past year.
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It was the ARK Innovation ETF (NYSEARCA: ARK) that sold 119,256 shares of Tesla. At Friday’s closing price, this would have valued the sale at roughly $121 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 17% in the past year.
Check out all of ARK Invest’s sales for Friday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | AMZN | AMAZON.COM | 2,209 |
| ARKF | FB | 24,877 | |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 25,500 |
| ARKG | BFLY | BUTTERFLY NETWORK | 259,500 |
| ARKK | EDIT | EDITAS MEDICINE | 217,800 |
| ARKK | TSLA | TESLA | 119,256 |
| ARKW | NET | CLOUDFLARE | 179,031 |
| ARKW | LPSN | LIVEPERSON | 229,442 |
| ARKW | FB | 89,622 |
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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