Cathie Wood’s ARK Invest Dumps Over $73 Million Worth of Tesla Stock

A couple ARK Make investments alternate-traded funds high-tail by ETF star Cathie Wood made monumental sales on Friday, because the stock market hit new all-time highs. Namely, these ETFs supplied roughly $73 million worth of Tesla Inc. (NASDAQ: TSLA), because the costs of those funds had been down more than 1% on Friday. Sign though that they are up an even amount in the previous three hundred and sixty five days.

ARK Innovation ETF (NYSEARCA: ARKK) supplied 47,484 shares of Tesla, and ARK Next Technology Web ETF (NYSEARCA: ARKW) supplied 32,870 shares. At Friday’s closing costs, this could well have valued the sales at roughly $73.1 million altogether. Even though right here is a tiny fragment of their complete holdings, every puny bit counts. ARK Innovation is up 21% and the loads of is up 32% in the previous three hundred and sixty five days.

Take a have a look at the total ARK Make investments sales for Friday as correctly:

Fund Ticker Identify Shares
ARKG VEEV VEEVA SYSTEMS 32,819
ARKK PRLB PROTO LABS 12,000
ARKK TSLA TESLA 47,484
ARKW TSLA TESLA 32,870
ARKX BA BOEING 5,468

Catherine Wood, 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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