Cathie Wood’s ARK Invest Dumps Nearly $211 Million Worth of Tesla Stock
Some of Cathie Wood's ARK Invest exchange-traded funds sold over 180,000 shares of Tesla on November 22.
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A few of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Monday. Specifically, these ETFs sold roughly $211 million worth of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction) altogether, as the prices of these funds were down more than 3% on the day. Note though that they are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 97,592 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 21,636 shares,and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 63,055 shares. At Monday’s closing price, this would have valued the sales at roughly $210.9 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are up between 5% and 28% in the past year.
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Check out all the ARK Invest sales for Monday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | FB | 157,892 | |
| ARKF | OPEN | OPENDOOR TECHNOLOGIES | 322,500 |
| ARKF | PAGS | PAGSEGURO DIGITAL | 175,826 |
| ARKF | PYPL | PAYPAL HOLDINGS | 125,423 |
| ARKG | VEEV | VEEVA SYSTEMS | 40,656 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS | 95,438 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 28,133 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 17,100 |
| ARKG | INCY | INCYTE | 122,176 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 16,703 |
| ARKG | CDXS | CODEXIS | 231,042 |
| ARKK | TSLA | TESLA | 97,592 |
| ARKQ | LMT | LOCKHEED MARTIN | 6,800 |
| ARKQ | TSLA | TESLA | 21,636 |
| ARKW | TSLA | TESLA | 63,055 |
| ARKW | ETSY | ETSY | 79,263 |
| ARKW | FTCH | FARFETCH | 1,150,248 |
| ARKW | FB | 115,833 | |
| ARKX | ANSS | ANSYS | 2,012 |
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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Contact [email protected] for any questions or corrections.
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.
