Cathie Wood's ARK Invest Dumps Roughly $29 Million Worth of Tesla Stock

Investing

Published: December 13, 2021 10:10 am

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Friday. Specifically, these ETFs sold roughly $29 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down around 1% on the day. Note though that these funds are somewhat mixed in terms of their performance over the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 25,377 shares of Tesla, and ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) parted with 2,968 shares. At Friday’s closing price, this would have valued the sales at roughly $28.8 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation fund is down 22% in the past year, and the other is actually up closer to 12%.

Check out all the ARK Invest trades for Friday as well:

Fund	Direction	Ticker	Name	Shares
ARKG	Buy	MASS	908 DEVICES	17,400
ARKG	Buy	NVTA	INVITAE	96,903
ARKG	Buy	QSI	QUANTUM-SI	82,963
ARKG	Sell	REGN	REGENERON PHARMACEUTICALS	9,477
ARKK	Buy	SSYS	STRATASYS	80,627
ARKK	Buy	PD	PAGERDUTY	122,940
ARKK	Buy	PATH	UIPATH	308,263
ARKK	Buy	NTLA	INTELLIA THERAPEUTICS	20,569
ARKK	Buy	MTLS	MATERIALISE	18,000
ARKK	Sell	TSLA	TESLA	25,377
ARKQ	Buy	AVAV	AEROVIRONMENT	19,200
ARKQ	Buy	BLDE	BLADE AIR MOBILITY	27,621
ARKQ	Sell	TSLA	TESLA	2,968

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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