Cathie Wood’s ARK Invest Dumps Over $41 Million Worth of Tesla Stock

Investing

October 22, 2021 7: 45 am

Final Updated: October 22, 2021 12: 31 pm

A pair of ARK Make investments exchange-traded funds bustle by ETF giant title Cathie Wooden made enormous sales on Thursday. Namely, these ETFs bought roughly $41 million price of Tesla Inc. (NASDAQ: TSLA), as the costs of those funds have been up lower than 1% on Thursday. Charge though that they are up a fine quantity in the previous year.

ARK Innovation ETF (NYSEARCA: ARKK) bought 35,520 shares of Tesla, ARK Self sustaining Abilities & Robotics ETF (NYSEARCA: ARKQ) bought 4,422 shares and ARK Next Era Cyber net ETF (NYSEARCA: ARKW) bought 6,472 shares. At Thursday’s closing prices, this might maybe have valued the sales at roughly $41.5 million altogether. Even supposing right here’s a minute a part of their whole holdings, every diminutive bit counts. These are funds are every up between 24% and 35% in the previous year.

Test out all of the ARK Make investments sales for Thursday as smartly:

Fund Ticker Name Shares
ARKK PRLB PROTO LABS 38,600
ARKK TSLA TESLA 35,520
ARKQ TSLA TESLA 4,422
ARKW TSLA TESLA 6,472

Catherine Wooden, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., proprietor of 247wallst.com.

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