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 |
[nativounit]
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.
[recirclink id=948837][wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks