Cathie Wood-led Ark Invest on Thursday further lowered its exposure in Tesla Inc (NASDAQ: TSLA), booking profit as shares of the electric vehicle maker rose after upbeat third-quarter earnings.
Cathie Wood-led Ark Investment Management on Wednesday sold 1,858 shares — estimated to be worth $5.29 million — in Google parent Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL
Update: Ark Invest issued a correction late Wednesday, saying it had bought 6,850 shares in Velo3D on Tuesday. The trade was incorrectly marked as a sell in an earlier notification from the firm, which was the basis for this story.
Cathie Wood's Ark Invest had a stellar year in 2020 even as other actively managed funds and fund managers struggled through the COVID-19-induced downturn.
Cathie Wood-led Ark Invest sold 2,977 shares — estimated to be worth $2.59 million — in Tesla Inc (NASDAQ: TSLA) on Monday as shares of the company continued to soar higher after the electric vehicle’s record third-quarter deliveries.