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:
|ARKF||6060HK||ZHONGAN ONLINE P&C INSURANCE||484,900|
|ARKX||SPR||SPIRIT AEROSYSTEMS HOLDINGS||13,098|
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.
Sponsored: Find a Qualified Financial Advisor:
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.