Cathie Wood’s ARK sells $7 million more in Tesla stock

Two exchange-traded funds run by Cathie Wood’s ARK Investment dumped more shares in Tesla Inc. TSLA,
Wednesday, ARK’s disclosures show. ARK Autonomous Technology & Robotics ETF ARKQ,
sold 17,967 shares in Tesla on the day, while the ARK Next Generation Internet ETF ARKW,
dispose of 10,401 shares, according to the daily trading reports that ARK publishes. Altogether, that amounts to $7.3 million in Tesla stock, based on Wednesday’s closing price of $256.24. ARK-fond has dumped more than 500,000 shares in Tesla this month. Meanwhile, ARK Autonomous Technology & Robotics ETF added 4,576 shares in Advanced Micro Devices Inc. AMD,
Wednesday, worth just over $500,000 based on today’s closing price of $110.17. This fund also acquired 6,542 shares of Taiwan Semiconductor Manufacturing Co. Ltd. TSM,
while the Next Generation Internet ETF fetched 20,114 shares. That’s just $2.7 million in stock, based on Wednesday’s close of $100.92.

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