Cathie Wood’s ARK Invest Sells Over 60,000 Shares of Tesla
One of Cathie Wood's ARK Invest funds sold over 60,000 shares of Tesla on July 30.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. Specifically, this fund sold nearly a million shares of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the price of the fund was down over 1% on the day. Note though that it is up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 63,643 shares of Tesla. At Friday’s closing price, this would have valued the sale at roughly $43.7 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 52% in the past year.
Check out all of ARK Invest’s sales for Friday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKF | BEKE | KE Holdings | 300 |
| ARKF | ICE | Intercontinental Exchange | 136,096 |
| ARKF | SCHW | Charles Schwab | 16,000 |
| ARKG | SEER | Seer | 13,188 |
| ARKG | RHHBY | Roche | 60,366 |
| ARKG | PSTI | Pluristem Therapeutics | 2,000 |
| ARKG | PSTG | Pure Storage | 408,556 |
| ARKG | CLLS | Cellectis | 4,400 |
| ARKK | DOCU | Docusign | 34,513 |
| ARKK | TSLA | Tesla | 63,643 |
| ARKK | NTDOY | Nintendo | 62,900 |
| ARKK | MCRB | Seres Therapeutics | 487,221 |
| ARKK | IOVA | Iovance Biotherapeutics | 202,666 |
| ARKK | BEKE | KE Holdings | 110 |
| ARKQ | TCEHY | Tencent | 348,469 |
| ARKQ | PCAR | Paccar | 38,318 |
| ARKQ | BZ | Kanzhun | 2,273 |
| ARKQ | BYDDY | BYD | 52,115 |
| ARKW | JD | JD.Com | 2,011 |
| ARKW | BZ | Kanzhun | 1,971 |
| ARKW | TCEHY | Tencent | 2,157 |
| ARKW | SQ | Square | 46,268 |
| ARKW | SKLZ | Skillz | 87,511 |
| ARKW | PDD | Pinduoduo | 506 |
| ARKW | OPEN | Opendoor Technologies | 35 |
| ARKX | RAVN | Raven Industries | 50 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Contact [email protected] for any questions or corrections.
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.
