Cathie Wood’s ARK Invest Sells Nearly 34,000 Shares of Tesla
One of Cathie Wood's ARK Invest exchange-traded funds sold nearly 34,000 shares of Tesla on December 6.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. Specifically, this fund sold nearly 34,000 shares of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction), as the price of the fund was up over 1% 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: ARKK) that sold 33,919 shares of Tesla. At Monday’s closing price, this would have valued the sale at roughly $34.2 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 Monday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | AMZN | AMAZON.COM | 1,796 |
| ARKF | JD | JD.COM | 133,329 |
| ARKF | FB | 12,642 | |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 80,984 |
| ARKG | BFLY | BUTTERFLY NETWORK | 422,692 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 568,468 |
| ARKK | EDIT | EDITAS MEDICINE | 105,928 |
| ARKK | TSLA | TESLA | 33,919 |
| ARKQ | LMT | LOCKHEED MARTIN | 9,839 |
| ARKQ | JD | JD.COM | 151,321 |
| ARKW | FB | 64,248 | |
| ARKW | LPSN | LIVEPERSON | 334,820 |
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 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.
