Cathie Wood’s ARK has sold much of its involvement successful Tesla, and snapped up shares successful online broker Robinhood Markets, an email update from the concern absorption steadfast showed.
ARK’s flagship fund, the ARK Innovation ETF (ARKK) ditched 56,975 shares, worthy an estimated $63.5 million, successful Elon Musk’s electric-vehicle giant. ARK funds sold a tranche past period worthy much than $200 million. Wood had indicated successful September that she would beryllium consenting to merchantability down her flagship fund’s involvement successful Tesla (ticker: TSLA), according to reports.
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