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.
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.
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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.
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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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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.
