Cathie Wood’s ARK Invest Sells Over 80,000 Shares of Tesla

One of Cathie Wood's ARK Invest exchange-traded funds sold over 80,000 shares of Tesla on November 2.

Published November 3, 2021, 7:40am ET · 1 min read

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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 | TSLA Price Prediction), 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.

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	PINTEREST	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.

Contact [email protected] for any questions or corrections.

1INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

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3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.

4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.

Chris Lange

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.

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