A pair of exchange-traded funds managed by Cathie Wood’s ARK Investment dumped extra Tesla Inc. shares Thursday, persevering with with a pattern that’s stretched on for months.
The ARK Innovation ETF
ARKK
shed 72,631 shares of Tesla
TSLA,
Thursday, whereas the ARK Autonomous Technology & Robotics ETF
ARKQ
bought 3,794 shares, based on the day by day commerce disclosures that ARK posts to its web site. Those gross sales had been value $18.8 million based mostly on Tesla’s Thursday closing worth of $245.34.
ARK funds have been promoting Tesla shares periodically this 12 months, together with at varied factors in June and July.
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The newest disclosures confirmed that ARK ETFs additionally bought shares of different sizzling know-how shares on Thursday. The Autonomous Technology & Robotics ETF bought 2,487 shares of Nvidia Corp.
NVDA,
whereas the ARK Genomic Revolution ETF
ARKG
dumped 7,411 shares of the chip big. Those gross sales amounted to $4.2 million based mostly on Thursday’s closing degree of $423.88.
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Meanwhile, the Autonomous Technology & Robotics ETF bought 8,153 shares of Alphabet Inc.
GOOGL,
GOOG,
and the ARK Space Exploration & Innovation ETF
ARKX
bought 2,286 shares. The worth of that sale was $1.4 million based mostly on the $130.21 Thursday shut for Alphabet’s Class C shares.
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Source web site: www.marketwatch.com
