Cathie Wood’s ARK Invest Dumps Over $66 Million Worth of Tesla Stock
A couple of Cathie Wood's ARK Invest exchange-traded funds sold nearly 90,000 shares of Tesla on September 14.
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold over $66 million worth of Tesla Inc. (NASDAQ: TSLA | TS Price Prediction) altogether, as the prices of these funds were down around 1% on Tuesday. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 70,369 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 18,555 shares. At Tuesday’s closing prices, this would have valued the sales at roughly $66 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation ETF is up 33% in the past year, and the internet ETF is up 44%.
Check out all the ARK Invest sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 9923HK | YEAHKA | 246,000 |
| ARKF | ADYENNA | ADYEN | 5,768 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 43,309 |
| ARKG | CLLS | CELLECTIS | 2,703 |
| ARKG | PSTI | PLURISTEM THERAPEUTICS | 45 |
| ARKG | CDXS | CODEXIS | 3,350 |
| ARKG | BMY | BRISTOL-MYERS SQUIBB | 104,381 |
| ARKK | TSLA | TESLA | 70,369 |
| ARKK | TRMB | TRIMBLE | 114,652 |
| ARKK | NTDOY | NINTENDO CO | 225,842 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 30,626 |
| ARKK | IOVA | IOVANCE BIOTHERAPEUTICS | 275,500 |
| ARKK | EDIT | EDITAS MEDICINE | 13,648 |
| ARKQ | NVDA | NVIDIA | 48 |
| ARKQ | IRDM | IRIDIUM COMMUNICATIONS | 30,905 |
| ARKW | LC | LENDINGCLUB | 230,963 |
| ARKW | TSLA | TESLA | 18,555 |
| ARKW | TTD | TRADE DESK | 186 |
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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.
