A pair of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Friday. Specifically, these ETFs sold roughly $30 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down less than 1% on the day. Note though that they are up a fair amount in the past year.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) sold 17,800 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 9,132 shares. At Friday’s closing prices, this would have valued the sales at roughly $30.6 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are up between 11% and 22% in the past year.
Check out all the ARK Invest sales for Friday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | TAK | TAKEDA PHARMACEUTICA | 95,151 |
| ARKG | INCY | INCYTE | 198,333 |
| ARKG | CDXS | CODEXIS | 21,914 |
| ARKK | COIN | COINBASE GLOBAL | 59,816 |
| ARKK | TSLA | TESLA | 17,800 |
| ARKQ | LMT | LOCKHEED MARTIN | 10,000 |
| ARKW | TSLA | TESLA INC | 9,132 |
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.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
