Cathie Wood’s ARK Investment Management sold yesterday more shares in Tesla securing more profit in the electric vehicle stock. The woman behind ARK Investment sold 56,295 shares estimated to be worth $61.6 million as of Monday’s close at $1,093.9.
Tesla closed 2.5% higher at $1,093.9 on Monday. The stock is up about 50% this year even with the Components Shortage that has been affecting the AutoMakers this year and the next months.
ARK sold 23,495 on the ARKK ETF, 5,070 shares on the ARKQ ETF and another 27,730 on the ARKW ETF – a total of 56,295 shares valued in $61.60 Million.