A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, these funds sold over $19 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were mixed on Monday. Note that they are up a fair amount in the past year.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 11,000 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 13,361 shares. At Monday’s closing prices, this would have valued the sales at roughly $19.3 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The robotics ETF is up 49% in the past year, and the internet ETF is up 40%.
Check out all the ARK Invest sales for Monday as well:
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.