{"id":145701,"date":"2021-11-24T16:30:31","date_gmt":"2021-11-24T16:30:31","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145701"},"modified":"2021-11-24T16:30:31","modified_gmt":"2021-11-24T16:30:31","slug":"cathie-woods-ark-invest-dumps-roughly-156-million-worth-of-tesla-stock","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/cathie-woods-ark-invest-dumps-roughly-156-million-worth-of-tesla-stock\/","title":{"rendered":"Cathie Wood’s ARK Invest Dumps Roughly $156 Million Worth of Tesla Stock"},"content":{"rendered":"
A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Tuesday. Specifically, these ETFs sold roughly $156 million worth of Tesla Inc. (NASDAQ: TSLA) altogether, as the prices of these funds were down less than 1% on the day. Note though that they are up a fair amount in the past year.<\/p>\n
ARK Innovation ETF (NYSEARCA: ARKK) sold 121,044 shares of Tesla, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) parted with 20,058 shares. At Tuesday\u2019s closing price, this would have valued the sales at roughly $156.5 million altogether. Even though this is a small fraction of their total holdings, every little bit counts. The innovation funds is flat in the past year, and the other is up over 10%.<\/p>\n
Check out all the ARK Invest sales for Tuesday as well:<\/p>\n
Fund<\/th>\n | Ticker<\/th>\n | Name<\/th>\n | Shares<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|
ARKF<\/td>\n | PAGS<\/td>\n | PAGSEGURO DIGITAL<\/td>\n | 504,183<\/td>\n<\/tr>\n |
ARKF<\/td>\n | OPEN<\/td>\n | OPENDOOR TECHNOLOGIES<\/td>\n | 166,324<\/td>\n<\/tr>\n |
ARKF<\/td>\n | FTCH<\/td>\n | FARFETCH<\/td>\n | 168,555<\/td>\n<\/tr>\n |
ARKF<\/td>\n | FB<\/td>\n | FACEBOOK<\/td>\n | 43,188<\/td>\n<\/tr>\n |
ARKG<\/td>\n | CSTL<\/td>\n | CASTLE BIOSCIENCES<\/td>\n | 67,491<\/td>\n<\/tr>\n |
ARKG<\/td>\n | INCY<\/td>\n | INCYTE<\/td>\n | 150,827<\/td>\n<\/tr>\n |
ARKG<\/td>\n | VRTX<\/td>\n | VERTEX PHARMACEUTICALS<\/td>\n | 123,956<\/td>\n<\/tr>\n |
ARKK<\/td>\n | TSLA<\/td>\n | TESLA<\/td>\n | 121,011<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | LMT<\/td>\n | LOCKHEED MARTIN<\/td>\n | 19,256<\/td>\n<\/tr>\n |
ARKW<\/td>\n | TSLA<\/td>\n | TESLA<\/td>\n | 20,058<\/td>\n<\/tr>\n |
ARKW<\/td>\n | FTCH<\/td>\n | FARFETCH<\/td>\n | 191,947<\/td>\n<\/tr>\n |
ARKX<\/td>\n | HOFP<\/td>\n | THALES<\/td>\n | 12,044<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 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.<\/p>\n \t\t\t<\/p>\n \t\t\t\tALSO READ: Top Strategist Says Health Care Could Rule in 2022: 5 Dividend Winners \t\t\t\t |