One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Tuesday. Specifically, this fund sold over 80,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of the fund was down around 1% on the day. Note that it is up a fair amount in the past year.
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It was the ARK Innovation ETF (NYSEARCA: ARK) that sold 80,100 shares of Tesla. At Tuesday’s closing price, this would have valued the sale at roughly $93.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 38% in the past year.
Check out all of ARK Invest’s sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PINS | 136,973 | |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 122,145 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 232,200 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 8,174 |
| ARKK | TSLA | TESLA | 80,100 |
| ARKQ | LMT | LOCKHEED MARTIN | 7,700 |
| ARKW | U | UNITY SOFTWARE | 159,900 |
| ARKW | PLTR | PALANTIR TECHNOLOGIES | 847,901 |
| ARKX | U | UNITY SOFTWARE | 18,410 |
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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