Cathie Wood’s ARK Invest Sells Nearly 34,000 Shares of Tesla

By Chris Lange Published Dec 7, 9:42AM EST

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Cathie Wood’s ARK Invest Sells Nearly 34,000 Shares of Tesla — © jetcityimage / Getty Images

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. Specifically, this fund sold nearly 34,000 shares of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the price of the fund was up over 1% 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: ARKK) that sold 33,919 shares of Tesla. At Monday’s closing price, this would have valued the sale at roughly $34.2 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 Monday as well:

Fund	Ticker	Name	Shares
ARKF	AMZN	AMAZON.COM	1,796
ARKF	JD	JD.COM	133,329
ARKF	FB	FACEBOOK	12,642
ARKG	IOVA	IOVANCE BIOTHERAPEUTICS	80,984
ARKG	BFLY	BUTTERFLY NETWORK	422,692
ARKG	TAK	TAKEDA PHARMACEUTICAL	568,468
ARKK	EDIT	EDITAS MEDICINE	105,928
ARKK	TSLA	TESLA	33,919
ARKQ	LMT	LOCKHEED MARTIN	9,839
ARKQ	JD	JD.COM	151,321
ARKW	FB	FACEBOOK	64,248
ARKW	LPSN	LIVEPERSON	334,820

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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