Cathie Wood’s ARK Invest Dumps Roughly $29 Million Worth of Tesla Stock

A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Friday. Specifically, these ETFs sold roughly $29 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down around 1% on the day. Note though that these funds are somewhat mixed in terms of their performance over the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 25,377 shares of Tesla, and ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) parted with 2,968 shares. At Friday’s closing price, this would have valued the sales at roughly $28.8 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation fund is down 22% in the past year, and the other is actually up closer to 12%.

Check out all the ARK Invest trades for Friday as well:

FundDirectionTickerNameShares
ARKGBuyMASS908 DEVICES17,400
ARKGBuyNVTAINVITAE96,903
ARKGBuyQSIQUANTUM-SI82,963
ARKGSellREGNREGENERON PHARMACEUTICALS9,477
ARKKBuySSYSSTRATASYS80,627
ARKKBuyPDPAGERDUTY122,940
ARKKBuyPATHUIPATH308,263
ARKKBuyNTLAINTELLIA THERAPEUTICS20,569
ARKKBuyMTLSMATERIALISE18,000
ARKKSellTSLATESLA25,377
ARKQBuyAVAVAEROVIRONMENT19,200
ARKQBuyBLDEBLADE AIR MOBILITY27,621
ARKQSellTSLATESLA2,968

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

ALSO READ: 5 Goldman Sachs Conviction List Dividend Stocks Are Almost Inflation Proof


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article