Cathie Wood’s ARK Invest Sells Nearly 120,000 Shares of Tesla
One of Cathie Wood's ARK Invest exchange-traded funds sold nearly 120,000 shares of Tesla on December 3.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. Specifically, this fund sold over 115,000 shares of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the price of the fund was down around 5% on the day. Note that the fund is down a fair amount over the past year.
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It was the ARK Innovation ETF (NYSEARCA: ARK) that sold 119,256 shares of Tesla. At Friday’s closing price, this would have valued the sale at roughly $121 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 17% in the past year.
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Check out all of ARK Invest’s sales for Friday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | AMZN | AMAZON.COM | 2,209 |
| ARKF | FB | 24,877 | |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 25,500 |
| ARKG | BFLY | BUTTERFLY NETWORK | 259,500 |
| ARKK | EDIT | EDITAS MEDICINE | 217,800 |
| ARKK | TSLA | TESLA | 119,256 |
| ARKW | NET | CLOUDFLARE | 179,031 |
| ARKW | LPSN | LIVEPERSON | 229,442 |
| ARKW | FB | 89,622 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
