A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $90 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down over 5% on the day. Note that these funds are mostly down over the past year.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) sold 71,638 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 16,118 shares. At Thursday’s closing price, this would have valued the sales at roughly $90.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation fund was down 44% in the past year, and the internet fund is down about 34%.
Check out all the ARK Invest sales for Thursday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | SNAP | SNAP | 70,462 |
| ARKG | EVGN | EVOGENE | 2,900 |
| ARKG | AQB | AQUABOUNTY TECHNOLOGIES | 14,575 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS | 38,821 |
| ARKK | TSLA | TESLA | 71,638 |
| ARKK | IRDM | IRIDIUM COMMUNICATIONS | 45,700 |
| ARKK | EDIT | EDITAS MEDICINE | 26,523 |
| ARKQ | TER | TERADYNE | 8,176 |
| ARKW | SNAP | SNAP | 34,881 |
| ARKW | TSLA | TESLA | 16,118 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
