{"id":47463,"date":"2023-08-12T00:54:21","date_gmt":"2023-08-12T04:54:21","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/cathie-woods-ark-funds-unload-another-19-million-in-teslas-stock\/"},"modified":"2023-08-12T00:54:24","modified_gmt":"2023-08-12T04:54:24","slug":"cathie-woods-ark-funds-unload-another-19-million-in-teslas-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=47463","title":{"rendered":"Cathie Wood\u2019s ARK funds unload another $19 million in Tesla\u2019s stock"},"content":{"rendered":"
\n

A pair of exchange-traded funds managed by Cathie Wood\u2019s ARK Investment dumped more Tesla Inc. shares Thursday, continuing with a trend that\u2019s stretched on for months.<\/p>\n

The ARK Innovation ETF
\n ARKK
\n shed 72,631 shares of Tesla
\n TSLA,
\n -1.10%<\/bg-quote>
\n Thursday, while the ARK Autonomous Technology & Robotics ETF
\n ARKQ
\n sold 3,794 shares, according to the daily trade disclosures that ARK posts to its website. Those sales were worth $18.8 million based on Tesla\u2019s Thursday closing price of $245.34.<\/p>\n

\n

ARK funds have been selling Tesla shares periodically this year, including at various points in June and July.<\/p>\n

Read:<\/strong> 20 EV stocks that are expected to soar at least 38%, even after this year\u2019s rebound<\/p>\n

Don\u2019t miss:<\/strong> Rivian, Lucid and XPeng make the list of 20 EV companies expected to grow sales most quickly through 2025<\/p>\n

The latest disclosures showed that ARK ETFs also sold shares of other hot technology stocks on Thursday. The Autonomous Technology & Robotics ETF sold 2,487 shares of Nvidia Corp.
\n NVDA,
\n -3.62%<\/bg-quote>,<\/span>
\n while the ARK Genomic Revolution ETF
\n ARKG
\n dumped 7,411 shares of the chip giant. Those sales amounted to $4.2 million based on Thursday\u2019s closing level of $423.88.<\/p>\n

Opinion:<\/strong>\u00a0Why Nvidia investors are rattled by Supermicro\u2019s AI chip supply constraints<\/p>\n

Meanwhile, the Autonomous Technology & Robotics ETF sold 8,153 shares of Alphabet Inc.
\n GOOGL,
\n -0.10%<\/bg-quote><\/p>\n

GOOG,
\n -0.03%<\/bg-quote>,<\/span>
\n and the ARK Space Exploration & Innovation ETF
\n ARKX
\n sold 2,286 shares. The value of that sale was $1.4 million based on the $130.21 Thursday close for Alphabet\u2019s Class C shares. <\/p>\n

See also:<\/strong> Digital advertising is Meta and Google\u2019s world, and everyone else is coping with it<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A pair of exchange-traded funds managed by Cathie Wood\u2019s ARK Investment dumped more Tesla Inc. shares Thursday, continuing with a trend that\u2019s stretched on for months. The ARK Innovation ETF ARKK shed 72,631 shares of Tesla TSLA, -1.10% Thursday, while the ARK Autonomous Technology & Robotics ETF ARKQ sold 3,794 shares, according to the daily […]<\/p>\n","protected":false},"author":1,"featured_media":47464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-47463","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nCathie Wood\u2019s ARK funds unload another $19 million in Tesla\u2019s stock | iFintechWorld<\/title>\n<meta name=\"description\" content=\"A pair of exchange-traded funds managed by Cathie Wood\u2019s ARK Investment dumped more Tesla Inc. shares Thursday, continuing with a trend that\u2019s stretched\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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