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

Two exchange-traded funds managed by Cathie Wood’s ARK Investment dumped more shares of Tesla Inc.

TSLA

Wednesday, ARK disclosures appear. ARK Autonomous Technology & Robotics ETF

ARKQ

It sold 17,967 shares of Tesla on the day, while it sold the ARK Next Generation Internet ETF

ARKW

It lost 10,401 shares, according to daily trading notifications published by ARK. Together, that amounts to $7.3 million in Tesla shares, based on Wednesday’s closing price of $256.24. ARK funds dumped more than 500,000 shares of Tesla this month. Meanwhile, the ARK Autonomous Technology & Robotics ETF added 4,576 shares of Advanced Micro Devices Inc.

AMD

on Wednesday, at a value of just over $500,000 based on today’s closing price of $110.17. This fund also purchased 6,542 shares of Taiwan Semiconductor Manufacturing Co. Ltd.

TSM

And
The Next Generation Internet ETF gained 20,114 shares. That comes to approximately $2.7 million in the stock, based on Wednesday’s close of $100.92.