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Cathie Wood's ETFs Sell Tesla's Stock for the First Time in 9 Months

The Ark Innovation ETF had been loading up on Tesla shares as they dipped - and it's now selling on the rally. As Tesla Inc.'s stock is back on the upswing, high-profile investor Cathie Wood's ETFs are selling again.Wood's flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares on Tuesday, valued at $13.05 million at Tuesday's closing price.The sale by no means suggests a change in strategy, as Tesla remains the ETF's largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednesday morning. But it did mark the ETF's first sale since Oct. 18.The sale comes after Tesla's stock closed Tuesday at a six-month high after strong second-quarter deliveries data.The ETF is essentially continuing its pattern of trimming its stake as the stock rallies, after loading up on the dip.Tesla's stock rose 2.2% in premarket trading Wednesday, putting it on track for a seventh straight gain. That would be its longest winning streak since the 13-day streak that ended June 13, 2023

Cathie Wood's ETFs Sell Tesla's Stock for the First Time in 9 Months

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As Tesla Inc.'s stock is back on the upswing, high-profile investor Cathie Wood's ETFs are selling again.Wood's flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares  on Tuesday, valued at $13.05 million at Tuesday's closing price.The sale by no means suggests a change in strategy, as Tesla remains the ETF's largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednesday morning. But it did mark the ETF's first sale since Oct. 18.The sale comes after Tesla's stock closed Tuesday at a six-month high after strong second-quarter deliveries data.The ETF is essentially continuing its pattern of trimming its stake as the stock rallies, after loading up on the dip.Tesla's stock rose 2.2% in premarket trading Wednesday, putting it on track for a seventh straight gain. That would be its longest winning streak since the 13-day streak that ended June 13, 2023","content":"<html><head></head><body><p>As Tesla Inc.&#39;s stock is back on the upswing, high-profile investor Cathie Wood&#39;s ETFs are selling again.</p><p>Wood&#39;s flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> on Tuesday, valued at $13.05 million at Tuesday&#39;s closing price.</p><p>The sale by no means suggests a change in strategy, as Tesla remains the ETF&#39;s largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednesday morning. But it did mark the ETF&#39;s first sale since Oct. 18.</p><p>The sale comes after Tesla&#39;s stock closed Tuesday at a six-month high after strong second-quarter deliveries data.</p><p>The ETF is essentially continuing its pattern of trimming its stake as the stock rallies, after loading up on the dip.</p><p>Tesla&#39;s stock rose 2.2% in premarket trading Wednesday, putting it on track for a seventh straight gain. That would be its longest winning streak since the 13-day streak that ended June 13, 2023.</p><p>Through Tuesday, the stock had run up 16.9% in two days, soared 26.7% during its six-day win streak and rocketed 62.8% since April 22, when it closed at a 15-month low of $142.05.</p><p>Coincidentally, ARKK&#39;s last purchase of Tesla shares was on April 23.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5e7bfba9483d72fb0849fb30383676df\" tg-width=\"700\" tg-height=\"489\"/></p><p>Ark had started buying Tesla stock on Dec. 20, after it had tumbled nearly 16% since its 2023 closing peak of $293.34 on July 18.</p><p>The ETF bought a total of 2,069,794 Tesla shares from then to April 23. In addition, the Ark Net Generation Internet ETF ARKW had bought 444,508 shares and the Ark Autonomous Technology &amp; Robotics ETF ARKQ had purchased 89,139 shares during that time.</p><p>On Tuesday, the Ark Net Generation ETF sold 6,442 shares of Tesla. The EV giant still has a weighting of 10.3% in the ETF, valued at $152.54 million.</p><p>Despite the recent surge, Tesla&#39;s stock has still lost 6.9% year to date through Tuesday, while the ARKK has dropped 14.4% and the S&amp;P 500 index SPX has rallied 15.5%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's ETFs Sell Tesla's Stock for the First Time in 9 Months</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's ETFs Sell Tesla's Stock for the First Time in 9 Months\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-07-03 20:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>As Tesla Inc.&#39;s stock is back on the upswing, high-profile investor Cathie Wood&#39;s ETFs are selling again.</p><p>Wood&#39;s flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> on Tuesday, valued at $13.05 million at Tuesday&#39;s closing price.</p><p>The sale by no means suggests a change in strategy, as Tesla remains the ETF&#39;s largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednesday morning. But it did mark the ETF&#39;s first sale since Oct. 18.</p><p>The sale comes after Tesla&#39;s stock closed Tuesday at a six-month high after strong second-quarter deliveries data.</p><p>The ETF is essentially continuing its pattern of trimming its stake as the stock rallies, after loading up on the dip.</p><p>Tesla&#39;s stock rose 2.2% in premarket trading Wednesday, putting it on track for a seventh straight gain. That would be its longest winning streak since the 13-day streak that ended June 13, 2023.</p><p>Through Tuesday, the stock had run up 16.9% in two days, soared 26.7% during its six-day win streak and rocketed 62.8% since April 22, when it closed at a 15-month low of $142.05.</p><p>Coincidentally, ARKK&#39;s last purchase of Tesla shares was on April 23.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5e7bfba9483d72fb0849fb30383676df\" tg-width=\"700\" tg-height=\"489\"/></p><p>Ark had started buying Tesla stock on Dec. 20, after it had tumbled nearly 16% since its 2023 closing peak of $293.34 on July 18.</p><p>The ETF bought a total of 2,069,794 Tesla shares from then to April 23. In addition, the Ark Net Generation Internet ETF ARKW had bought 444,508 shares and the Ark Autonomous Technology &amp; Robotics ETF ARKQ had purchased 89,139 shares during that time.</p><p>On Tuesday, the Ark Net Generation ETF sold 6,442 shares of Tesla. The EV giant still has a weighting of 10.3% in the ETF, valued at $152.54 million.</p><p>Despite the recent surge, Tesla&#39;s stock has still lost 6.9% year to date through Tuesday, while the ARKK has dropped 14.4% and the S&amp;P 500 index SPX has rallied 15.5%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4592":"伊斯兰概念","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","FDN":"First Trust Dow Jones Internet I","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","ARKK":"ARK Innovation ETF","TSLA":"特斯拉","LU0097036916.USD":"贝莱德美国增长A2 USD","SG9999015978.USD":"利安颠覆性创新基金A","BK4585":"ETF&股票定投概念","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","ARKQ":"ARK Autonomous Technology & Robotics ETF","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4555":"新能源车","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","ARKW":"ARK Next Generation Internation ETF","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4527":"明星科技股","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4588":"碎股","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4550":"红杉资本持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","BK4511":"特斯拉概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4099":"汽车制造商","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2448511101","content_text":"As Tesla Inc.'s stock is back on the upswing, high-profile investor Cathie Wood's ETFs are selling again.Wood's flagship Ark Innovation ETF ARKK sold 56,425 Tesla shares $(TSLA)$ on Tuesday, valued at $13.05 million at Tuesday's closing price.The sale by no means suggests a change in strategy, as Tesla remains the ETF's largest holding by far with a 14.6% weighting, valued at $891.89 million as of Wednesday morning. But it did mark the ETF's first sale since Oct. 18.The sale comes after Tesla's stock closed Tuesday at a six-month high after strong second-quarter deliveries data.The ETF is essentially continuing its pattern of trimming its stake as the stock rallies, after loading up on the dip.Tesla's stock rose 2.2% in premarket trading Wednesday, putting it on track for a seventh straight gain. That would be its longest winning streak since the 13-day streak that ended June 13, 2023.Through Tuesday, the stock had run up 16.9% in two days, soared 26.7% during its six-day win streak and rocketed 62.8% since April 22, when it closed at a 15-month low of $142.05.Coincidentally, ARKK's last purchase of Tesla shares was on April 23.Ark had started buying Tesla stock on Dec. 20, after it had tumbled nearly 16% since its 2023 closing peak of $293.34 on July 18.The ETF bought a total of 2,069,794 Tesla shares from then to April 23. In addition, the Ark Net Generation Internet ETF ARKW had bought 444,508 shares and the Ark Autonomous Technology & Robotics ETF ARKQ had purchased 89,139 shares during that time.On Tuesday, the Ark Net Generation ETF sold 6,442 shares of Tesla. The EV giant still has a weighting of 10.3% in the ETF, valued at $152.54 million.Despite the recent surge, Tesla's stock has still lost 6.9% year to date through Tuesday, while the ARKK has dropped 14.4% and the S&P 500 index SPX has rallied 15.5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":38,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}