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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,
+2.41%
Wednesday, ARK’s disclosures show. ARK Autonomous Technology & Robotics ETF ARKQ,
+2.01%
sold 17,967 shares in Tesla on the day, while the ARK Next Generation Internet ETF ARKW,
+1.16%
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,
-0.20%
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,
-1.14%,
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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