One day after buying another 55,178 shares Xpeng shares — estimated to be worth $2 million — Cathie Wood adds another $6.5M on the EV Sector. Through ARKK ETF (focused on) 7,132 Tesla shares were added to the portfolio while 14,000 shares of the Chinese EV maker Xpeng were bought through ARKQ, ARK’s ETF focused on Autonomous Tech. & Robotics. These buys are estimated to worth around $6.5M, $6M of Tesla shares and $0.5M on the Chinese automaker.
Ark Invest seems to be slowly back buying Tesla shares after started shorting a portion of its stake since last September. On January 28th, the Fund added 33,482 shares valued at $27.76 Million. As of February 2nd, Tesla has a 8.05% weight on ARKK ETF with a Market Value of $1,061,597,062.50.
ARKQ is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of of autonomous technology and robotics companies that are relevant to the Fund’s investment theme. Autonomous technology and robotics companies are companies that the Adviser believes are expected to focus on, among other things, disruptive innovation in automation and manufacturing, transportation, energy, artificial intelligence, and materials.
ARKK is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation.
Tesla’s share price closed 0.58% lower at $931.25 yesterday and is down 11.88% Year-to-date.
Xpeng’s stock closed 3.73% higher at $36.40 a share on Tuesday and is down 27.68% Year-to-date.
XPeng delivered 12,922 Smart EVs in January 2022, representing a 115% increase year-over-year, exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.
Deliveries in January 2022 consisted of 6,707 P7 smart sports sedans, representing an 81% increase year-over-year. 4,029 P5 smart family sedans were delivered in January, bringing total deliveries to over 11,000 since its launch in September 2021. 2,186 G3 and G3i smart compact SUVs were delivered in January.