Cathie Wood’s ARK Invest Unloads $22 Million Worth of Tesla Stock
A few of Cathie Wood's ARK Invest exchange-traded funds sold over 20,000 shares of Tesla on December 28.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
A few of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. Specifically, these ETFs sold roughly $22 million worth of Tesla Inc. (NASDAQ: TSLA | TSLA Price Prediction) altogether, as the prices of these funds were down on the day. Note that these funds are mostly down over the past year, with one big exception.
[in-text-ad]
ARK Innovation ETF (NYSEARCA: ARKK) sold 14,740 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 1,914 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 3,792 shares. At Tuesday’s closing price, this would have valued the sales at roughly $22.2 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. While the robotics fund is up around 4% in the past year, the innovation fund and the internet fund are down about 25% and 16%, respectively.
[nativounit]
Check out all the ARK Invest sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | INTU | INTUIT | 3,351 |
| ARKG | TXG | 10X GENOMICS | 35,371 |
| ARKK | TSLA | TESLA | 14,740 |
| ARKQ | TSLA | TESLA | 1,914 |
| ARKW | TSLA | TESLA | 3,792 |
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.
[recirclink id=1021091][wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
