ARK Innovation ETF(ARKK) experienced outflows of $803 million during August.

August marked the largest monthly outflow for the ETF since September of last year.

Shares of ARKK are down more than 50% year-to-date.

It was another down week for Cathie Wood’s flagship exchange-traded fund (ETF), the ARK Innovation ETF(NYSEARCA:ARKK). Shares of the ETF are finishing in the red today, marking the second straight week of declines. The drop was led by drawdowns in top holdings such as Tesla(NASDAQ:TSLA) and Teladoc(NYSE:TDOC).

On top of that, ARKK experienced outflows of$803 million during the month of August. This was the largest monthly outflow since September of last year. In addition, ARKK saw inflows in only six days of August, while the rest were outflows.

Bloomberg reports some loyal retail investors are losing faith as well. An investor from the Bay Area stated, “When I entered it, I strongly believed in the vision. Currently, not so much, and since my initial reason for it did not still apply, I realized I should just let it go.”

With that in mind, let’s take a look at the top stocks Cathie Wood sold this week.

5 Stocks Cathie Wood Sold This Week