Cathie Wood-led
Ark Invest on Thursday sold 40,861 shares — estimated to be worth $41 million — in Tesla Inc (NASDAQ:
TSLA), a stock which despite recent dips is still fetching profit for the popular money manager who bought TSLA shares at far lower levels.
Tesla shares closed 6.10% lower at $1003.80 a share on Thursday. The stock is up about 37.5% so far this year.
See Also: Why Cathie Wood Now Expects Ark's Flagship Fund To Quadruple In 5 Years
A Tesla bull, Wood’s firm Ark Invest bought shares in Tesla via three actively traded exchange funds, namely the Ark Innovation ETF (NYSE:ARKK), the Ark Next Generation Internet ETF (NYSE:ARKW) and the Ark Autonomous Technology & Robotics ETF (BATS ARKQ) on Thursday.
The three ETFs held 2.07 million shares, worth about $2.07 billion, ahead of Thursday’s trade.
