A pair of exchange-traded funds managed by Cathie Wood’s ARK Investment dumped more Tesla Inc. shares Thursday, continuing with a trend that’s stretched on for months.
The ARK Innovation ETF
ARKK
shed 72,631 shares of Tesla
TSLA,
Thursday, while the ARK Autonomous Technology & Robotics ETF
ARKQ
sold 3,794 shares, according to the daily trade disclosures that ARK posts to its website. Those sales were worth $18.8 million based on Tesla’s Thursday closing price of $245.34.
ARK funds have been selling Tesla shares periodically this year, including at various points in June and July.
Read: 20 EV stocks that are expected to soar at least 38%, even after this year’s rebound
Don’t miss: Rivian, Lucid and XPeng make the list of 20 EV companies expected to grow sales most quickly through 2025
The latest disclosures showed that ARK ETFs also sold shares of other hot technology stocks on Thursday. The Autonomous Technology & Robotics ETF sold 2,487 shares of Nvidia Corp.
NVDA,
while the ARK Genomic Revolution ETF
ARKG
dumped 7,411 shares of the chip giant. Those sales amounted to $4.2 million based on Thursday’s closing level of $423.88.
Opinion: Why Nvidia investors are rattled by Supermicro’s AI chip supply constraints
Meanwhile, the Autonomous Technology & Robotics ETF sold 8,153 shares of Alphabet Inc.
GOOGL,
GOOG,
and the ARK Space Exploration & Innovation ETF
ARKX
sold 2,286 shares. The value of that sale was $1.4 million based on the $130.21 Thursday close for Alphabet’s Class C shares.
See also: Digital advertising is Meta and Google’s world, and everyone else is coping with it
This story originally appeared on Marketwatch
