Cathie Wood-led Ark Invest on Friday booked a little more profit in $Tesla(TSLA.US)$ as she sold some shares in the electric vehicle company, and increased the exposure in $Walt Disney(DIS.US)$, its third trade in the media and entertainment company so far this month.
The popular money managing firm sold 14,362 shares — estimated to be worth $10.9 million— in Tesla.
Shares of the Palo Alto, California-based Tesla closed 0.33% higher at $759.49 on Friday and have risen 3.2% so far this month. Year-to-date, Tesla shares have risen 4.07%.
The investment firm has sold an estimated $310 million in the Elon Musk-led company so far in September via a total of five trades.
On Friday, Ark Invest sold shares in Tesla via the $ARK Next Generation Internet ETF(ARKW.US)$. Two other ETFs — the $ARK Innovation ETF(ARKK.US)$ and the $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ own shares in Tesla. No other ETF holds any exposure in the electric vehicle company’s stock.
The three ETFs held a total of about 4.09 million shares — worth $3.1 billion — in the electric vehicle company, as of Friday’s trades.
The popular investment management firm has a large exposure in Tesla, a stock it predicts will hit the $3,000 mark at the end of 2025.
Here are some of the other key trades for Ark on Friday:
The New York-based investment firm snapped up 5,303 shares — estimated to be worth a little less than one million. This was Ark Invest’s second trade in Disney since May, when it first bought some exposure in the company.
Bought 228,082 shares — estimated to be worth about $9.66 million — in $Robinhood Markets(HOOD.US)$.
Bought 74,087 shares — estimated to be worth about $4 million — in $UiPath(PATH.US)$.
Source：ARK INVEST
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