Cathie Wood’s ARK Invest Sells Nearly 120,000 Shares of Tesla

One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge sale on Friday. Specifically, this fund sold over 115,000 shares of Tesla Inc. (NASDAQ: TSLA), as the price of the fund was down around 5% on the day. Note that the fund is down a fair amount over the past year.

It was the ARK Innovation ETF (NYSEARCA: ARK) that sold 119,256 shares of Tesla. At Friday’s closing price, this would have valued the sale at roughly $121 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 Friday as well:

FundTickerNameShares
ARKFAMZNAMAZON.COM2,209
ARKFFBFACEBOOK24,877
ARKGIOVAIOVANCE BIOTHERAPEUTICS25,500
ARKGBFLYBUTTERFLY NETWORK259,500
ARKKEDITEDITAS MEDICINE217,800
ARKKTSLATESLA119,256
ARKWNETCLOUDFLARE179,031
ARKWLPSNLIVEPERSON229,442
ARKWFBFACEBOOK89,622

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

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