Posted: June 28, 2023 at 10:23 PM ET
ARK disclosures showed that two exchange-traded funds managed by Cathie Wood’s ARK Investment have dumped more shares of Tesla Inc. TSLA on Wednesday. The ARK Autonomous Technology & Robotics ETF ARKQ sold 17,967 shares of Tesla on the day, while the ARK Next Generation Internet ETF ARKW dumped 10,401 shares, according to daily trading notifications posted 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…
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.
“Amateur organizer. Wannabe beer evangelist. General web fan. Certified internet ninja. Avid reader.”
More Stories
US futures paused ahead of the Fed and Amazon's earnings announcement as a 5-month winning streak came to an end
All new American cars must have automatic braking by 2029
Paramount Global fires Bob Bakish, announces new leadership team