A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, theses fund sold over 160,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of these funds were up over 1% on the day. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 144,200 shares of Tesla and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 19,558 shares. At Thursday’s closing price, this would have valued the sales at roughly $117.0 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 49% in the past year and ARKW is up 48%.
Check out all of ARK Invest’s sales for Thursday as well:
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.