Cathie Wood’s ARK Invest Dumps Over $19 Million Worth of Tesla Stock
A couple of Cathie Wood's ARK Invest exchange-traded funds sold over 24,000 shares of Tesla on September 27.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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 | TSLA Price Prediction) 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:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | SE | SEA | 41,393 |
| ARKF | MELI | MERCADOLIBRE | 7,665 |
| ARKG | SMFR | SEMA4 | 1,200 |
| ARKG | NVS | NOVARTIS | 107,020 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 11,200 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 39,860 |
| ARKG | CLLS | CELLECTIS | 24,503 |
| ARKG | CDXS | CODEXIS | 1,200 |
| ARKK | TER | TERADYNE | 67,000 |
| ARKQ | TSLA | TESLA | 11,000 |
| ARKQ | SNPS | SYNOPSYS | 25,099 |
| ARKW | TWLO | TWILIO | 31,431 |
| ARKW | TSLA | TESLA | 13,361 |
| ARKX | HEI | HEICO | 6,152 |
[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=962320][wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
