Cathie Wood’s ARK Invest Trims Tesla (NASDAQ: TSLA) Holdings
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Cathie Wood’s ARK Invest Trims Tesla (NASDAQ: TSLA) Holdings

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Cathie Wood’s ARK Innovation ETF has sold $14 million worth of Tesla shares.

Cathie Wood‘s ARK Invest has sold shares of EV major Tesla (NASDAQ: TSLA). The ARK Innovation ETF (ARKK) sold around 51,155 Tesla shares worth $14 million on Wednesday. However, the EV giant continues to remain ARKK’s largest holding with an 11.38% weighting in its portfolio, followed by Roku (ROKU) at 8.1%.

ARKK had sold a total of $29.6 million worth of Tesla shares in August. ARK’s Innovation ETF also sold 0.178 million shares of DraftKings (DKNG) valued at $5.49 million on Wednesday. DKNG has a 4.1% weighting in ARK’s Innovation ETF.

In another move, ARKK bought 0.458 million shares of Roblox (RBLX) worth $12.71 million.

The ARK Innovation ETF (ARKK) has performed remarkably well this year, gaining more than 40% year-to-date.

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