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Etfs

Cathie Wood's Ark ETFs Sell $139 Million Worth of Tesla Stock

  • Three Ark ETFs sold Tesla shares Wednesday and Thursday
  • Tesla shares rise for three weeks as car shipments rebound
Updated on

Cathie Wood’s exchange-traded funds have sold some of their Tesla Inc. shares in the past two days, taking advantage of the recent rally as the stock climbs for the third week in a row.

The ARK Innovation, ARK Next Generation Internet and ARK Autonomous Technology & Robotics ETFs sold over 180,000 shares on Wednesday and Thursday, according to daily trading updates. At closing prices, that puts the total value at nearly $139 million.