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ympa69
2021-09-15

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Cathie Wood Continues To Trim Tesla Stake, Selling Another $66M Worth Of Shares

Cathie Wood-led Ark Invest on Tuesday further lowered some of its exposure in Tesla Inc (Get Free Al

Cathie Wood Continues To Trim Tesla Stake, Selling Another $66M Worth Of Shares

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·2021-09-15
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On a YTD basis, Tesla shares have risen about 2%.</p>\n<p>Ark Invest deployed the&nbsp;<b>Ark Next Generation Internet ETF</b>&nbsp;and the&nbsp;<b>Ark Innovation ETF</b>&nbsp;to sell shares in Tesla. Ark Invest also owns shares in Tesla via the A<b>rk Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ).</p>\n<p>Wood’s firm holds large bets in Tesla, which it predicts will hit the$3,000 mark at the end of 2025.</p>\n<p>Each of the three ETFs count Tesla as their largest exposure and held a total of 4.3 million shares — worth $3.19 billion — in the electric vehicle company, ahead of Tuesday’s trades. No other Ark ETF owns shares in Tesla.</p>\n<p>Here are some of the other key trades for Ark on Tuesday:</p>\n<ul>\n <li>Bought 235,600 shares in&nbsp;<b>Zoom Video Communications Inc</b>.</li>\n <li>Bought 236,373 shares in&nbsp;<b>Robinhood Markets Inc</b>.</li>\n <li>Sold 30,905 shares in&nbsp;<b>Iridium Communications Inc.</b></li>\n</ul>","source":"lsy1606299360108","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 Continues To Trim Tesla Stake, Selling Another $66M Worth Of Shares</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; 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On a YTD basis, Tesla shares have risen about 2%.\nArk Invest deployed the Ark Next Generation Internet ETF and the Ark Innovation ETF to sell shares in Tesla. Ark Invest also owns shares in Tesla via the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ).\nWood’s firm holds large bets in Tesla, which it predicts will hit the$3,000 mark at the end of 2025.\nEach of the three ETFs count Tesla as their largest exposure and held a total of 4.3 million shares — worth $3.19 billion — in the electric vehicle company, ahead of Tuesday’s trades. No other Ark ETF owns shares in Tesla.\nHere are some of the other key trades for Ark on Tuesday:\n\nBought 235,600 shares in Zoom Video Communications Inc.\nBought 236,373 shares in Robinhood Markets Inc.\nSold 30,905 shares in Iridium Communications Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"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":10,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5873435,"commentId":"5873435","gmtCreate":1631674658920,"gmtModify":1663233904642,"authorId":3579096500575753,"author":{"id":3579096500575753,"idStr":"3579096500575753","authorId":3579096500575753,"name":"Milankaka","avatar":"https://static.tigerbbs.com/288ce834db4366c3536976047323d1ce","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":882880296,"objectIdStr":"882880296","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Ok","text":"Ok","html":"Ok","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}