A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Thursday. Specifically, these ETFs sold roughly $90 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down over 5% on the day. Note that these funds are mostly down over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 71,638 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 16,118 shares. At Thursday’s closing price, this would have valued the sales at roughly $90.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation fund was down 44% in the past year, and the internet fund is down about 34%.

Check out all the ARK Invest sales for Thursday as well:

Fund	Ticker	Name	Shares
ARKF	SNAP	SNAP	70,462
ARKG	EVGN	EVOGENE	2,900
ARKG	AQB	AQUABOUNTY TECHNOLOGIES	14,575
ARKG	VRTX	VERTEX PHARMACEUTICALS	38,821
ARKK	TSLA	TESLA	71,638
ARKK	IRDM	IRIDIUM COMMUNICATIONS	45,700
ARKK	EDIT	EDITAS MEDICINE	26,523
ARKQ	TER	TERADYNE	8,176
ARKW	SNAP	SNAP	34,881
ARKW	TSLA	TESLA	16,118

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.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use