On Wednesday, Cathie Wood’s Ark Investment sold 81,600 shares of Tesla amounting to $61.7 million at close. ARK Innovation dumped 70,161 shares, and ARK Next Generation sold 11,448.
ARK ETFs’ total Tesla sales so far this month is $266 million, according to Bloomberg.
After selling some Tesla shares last year, she told CNBC that keeping position sizes in check is “wise portfolio management.”