Investing
Cathie Wood's ARK Invest Dumps Over $100 Million Worth of Tesla Stock
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A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, these funds sold over a $100 million worth of Tesla Inc. (NASDAQ: TSLA), as the prices of these funds were down around 2% on Wednesday. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 119,487 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 7,229 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 15,992 shares. At Wednesday’s closing prices, this would have valued the sales at roughly $107.6 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up about 50% in the past year.
Check out all the ARK Invest sales for Wednesday as well:
Fund | Ticker | Name | Shares |
---|---|---|---|
ARKF | 4689JP | Z HOLDINGS | 2,312,030 |
ARKF | MELI | MERCADOLIBRE | 7,684 |
ARKF | HDB | HDFC BANK | 4,542 |
ARKF | 9923HK | YEAHKA | 202,400 |
ARKF | 6060HK | ZHONGAN ONLINE P&C INSURANCE | 484,900 |
ARKG | SRPT | SAREPTA THERAPEUTICS | 9,855 |
ARKG | PSTI | PLURISTEM THERAPEUTICS | 3,951 |
ARKG | PSTG | PURE STORAGE | 144,643 |
ARKG | NVS | NOVARTIS | 193,937 |
ARKG | MCRB | SERES THERAPEUTICS | 97 |
ARKG | DRNA | DICERNA PHARMACEUTICALS | 113,568 |
ARKG | CRBU | CARIBOU BIOSCIENCES | 10,250 |
ARKG | CLLS | CELLECTIS | 3,100 |
ARKK | TSLA | TESLA | 119,487 |
ARKQ | TSLA | TESLA | 7,229 |
ARKQ | NXPI | NXP SEMICONDUCTORS | 66,507 |
ARKQ | NVDA | NVIDIA | 30,225 |
ARKW | LC | LENDINGCLUB | 127,719 |
ARKW | TSLA | TESLA | 15,992 |
ARKW | TTD | TRADE DESK | 172,095 |
ARKX | SPR | SPIRIT AEROSYSTEMS HOLDINGS | 13,098 |
ARKX | IRDM | IRIDIUM COMMUNICATIONS | 5,845 |
ARKX | BA | BOEING | 15,911 |
ARKX | TRMB | TRIMBLE | 11,267 |
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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