Cathie Wood’s ARK Invest Dumps Roughly $265 Million Worth of Tesla Stock
A few of Cathie Wood's ARK Invest exchange-traded funds sold over 340,000 shares of Tesla on September 28.
A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, these funds sold roughly $265 million worth of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the prices of these funds were down around 4% on Tuesday. Note though that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 269,552 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 44,045 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 27,021 shares. At Tuesday’s closing prices, this would have valued the sales at roughly $265 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up anywhere between 24% and 41% in the past year.
Check out all the ARK Invest sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | NVS | NOVARTIS | 320,220 |
| ARKG | SDGR | SCHRODINGER | 97,947 |
| ARKG | CRBU | CARIBOU BIOSCIENCES | 239,900 |
| ARKG | CLLS | CELLECTIS | 700 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 36,178 |
| ARKK | NTDOY | NINTENDO | 182,573 |
| ARKK | TSLA | TESLA | 269,552 |
| ARKK | SE | SEA | 198,375 |
| ARKQ | GOOG | ALPHABET | 1,400 |
| ARKQ | NXPI | NXP SEMICONDUCTORS | 20,023 |
| ARKQ | TSLA | TESLA | 44,045 |
| ARKW | TSLA | TESLA | 27,021 |
| ARKW | SNAP | SNAP | 68,883 |
| ARKX | GOOG | ALPHABET | 594 |
| ARKX | HEI | HEICO | 2,235 |
[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=963375][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.
