One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, this fund sold over 60,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of the fund was up around 1% on the day. Note though that it is up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 63,135 shares of Tesla. At Wednesday’s closing price, this would have valued the sale at roughly $49.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 17% in the past year.
Check out all of ARK Invest’s sales for Wednesday 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.