Tesla-Heavy $4.6 Billion Actively Managed ETF Has Record Inflows
- The electric-car maker is ARK Innovation ETF’s biggest holding
- Tesla’s share price more than doubled so far this year
This article is for subscribers only.
A $4.6 billion exchange-traded fund that has Tesla Inc. as its biggest holding posted the best week of inflows on record.
Traders put almost $180 million into the Ark Innovation ETF (ARKK) in the five-day period ended Friday, the most since it began trading in 2014, according to data compiled by Bloomberg. That was the actively managed fund’s 17th straight week of inflows. The electric-car maker has more than doubled to around $990 this year.