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