Cathie Wood’s ARK Invest Sells $117 Million Worth of Tesla Shares
A couple of Cathie Wood's ARK Invest funds sold $117 million worth of Tesla shares on August 5.
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 | TSLA Price Prediction), 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:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | CLLS | Cellectis | 14,902 |
| ARKG | SEER | Seer | 59,340 |
| ARKG | RHHBY | Roche | 265,501 |
| ARKG | PSTI | Pluristem Therapeutics | 7,505 |
| ARKK | TSLA | Tesla | 144,200 |
| ARKK | SQ | Square | 166,300 |
| ARKK | SHOP | Shopify | 8,221 |
| ARKK | NTDOY | Nintendo | 96,515 |
| ARKK | MCRB | Seres Therapeutics | 246,378 |
| ARKQ | TCEHY | Tencent | 39 |
| ARKW | JD | JD.Com | 100 |
| ARKW | SQ | Square | 41,852 |
| ARKW | TSLA | Tesla | 19,558 |
| ARKW | TTD | Trade Desk | 161,534 |
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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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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
