Cathie Wood’s ARK Invest Sells Nearly 34,000 Shares of Tesla

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Monday. Specifically, this fund sold nearly 34,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of the fund was up over 1% on the day. Note that the fund is down a fair amount over the past year.

It was the ARK Innovation ETF (NYSEARCA: ARKK) that sold 33,919 shares of Tesla. At Monday’s closing price, this would have valued the sale at roughly $34.2 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 17% in the past year.

Check out all of ARK Invest’s sales for Monday as well:

FundTickerNameShares
ARKFAMZNAMAZON.COM1,796
ARKFJDJD.COM133,329
ARKFFBFACEBOOK12,642
ARKGIOVAIOVANCE BIOTHERAPEUTICS80,984
ARKGBFLYBUTTERFLY NETWORK422,692
ARKGTAKTAKEDA PHARMACEUTICAL568,468
ARKKEDITEDITAS MEDICINE105,928
ARKKTSLATESLA33,919
ARKQLMTLOCKHEED MARTIN9,839
ARKQJDJD.COM151,321
ARKWFBFACEBOOK64,248
ARKWLPSNLIVEPERSON334,820

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

Source: Read Full Article