Cathie Wood’s ARK Invest Sells Nearly 120,000 Shares of Tesla

By Chris Lange Published Dec 6, 8:05AM EST

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Cathie Wood’s ARK Invest Sells Nearly 120,000 Shares of Tesla — © Pascal Le Segretain / Getty Images Entertainment via Getty Images

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 | TSLA Price Prediction), 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.
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Check out all of ARK Invest’s sales for Friday as well:

Fund	Ticker	Name	Shares
ARKF	AMZN	AMAZON.COM	2,209
ARKF	FB	FACEBOOK	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	FACEBOOK	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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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.

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