Cathie Wood’s ARK Invest Dumps Over $100 Million Worth of Tesla Stock

A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, these funds sold nearly a million shares of Tesla Inc. (NASDAQ: TSLA), as the prices of these funds were down around 2% on Wednesday. Note though that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 119,487 shares of Tesla, ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 7,229 shares, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 15,992 shares. At Wednesday’s closing prices, this would have valued the sales at roughly $107.6 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. These are funds are each up about 50% in the past year.

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

FundTickerNameShares
ARKF4689JPZ HOLDINGS2,312,030
ARKFMELIMERCADOLIBRE7,684
ARKFHDBHDFC BANK4,542
ARKF9923HKYEAHKA202,400
ARKF6060HKZHONGAN ONLINE P&C INSURANCE484,900
ARKGSRPTSAREPTA THERAPEUTICS9,855
ARKGPSTIPLURISTEM THERAPEUTICS3,951
ARKGPSTGPURE STORAGE144,643
ARKGNVSNOVARTIS193,937
ARKGMCRBSERES THERAPEUTICS97
ARKGDRNADICERNA PHARMACEUTICALS113,568
ARKGCRBUCARIBOU BIOSCIENCES10,250
ARKGCLLSCELLECTIS3,100
ARKKTSLATESLA119,487
ARKQTSLATESLA7,229
ARKQNXPINXP SEMICONDUCTORS66,507
ARKQNVDANVIDIA30,225
ARKWLCLENDINGCLUB127,719
ARKWTSLATESLA15,992
ARKWTTDTRADE DESK172,095
ARKXSPRSPIRIT AEROSYSTEMS HOLDINGS13,098
ARKXIRDMIRIDIUM COMMUNICATIONS5,845
ARKXBABOEING15,911
ARKXTRMBTRIMBLE11,267

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.

ALSO READ: Cathie Wood’s ARK Invest Buys Roughly 1.4 Million Shares of UiPath


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