Cathie Wood’s ARK Invest Dumps Over $39 Million Worth of Tesla Stock

Some of Cathie Wood's ARK Invest exchange-traded funds sold over 35,000 shares of Tesla on November 18.

Published November 19, 2021, 7:35am ET · 1 min read

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A pair of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $39 million worth of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction) altogether, as the prices of these funds were down more than 2% on Thursday. Note though that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 29,669 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 6,061 shares. At Thursday’s closing prices, this would have valued the sales at roughly $39.2 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up between 14% and 26% in the past year.

Check out all the ARK Invest sales for Thursday as well:

Fund Ticker Name Shares
ARKF PDD PINDUODUO 38,599
ARKF SHOP SHOPIFY 4,768
ARKG TAK TAKEDA PHARMACEUTICAL 151,502
ARKG INCY INCYTE 35,300
ARKG CDXS CODEXIS 181,900
ARKK TSLA TESLA 29,669
ARKK U UNITY SOFTWARE 176,041
ARKQ U UNITY SOFTWARE 47,740
ARKW TSLA TESLA 6,061
ARKW U UNITY SOFTWARE 29,035

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.

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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