(SPCE), (ARKQ) - Here s How Much Chamath Palihapitiya, Cathie Wood Lost By Selling SPCE Early benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Cathie Wood Loads Up $71M In Tesla On Dip
Tesla Inc (NASDAQ:TSLA) on the dip.
Tesla shares closed 2.26% lower at $644.65 on Wednesday and have advanced about 7.6% since Ark last bought the company s shares in early June.
The New York-based investment deployed the
Ark Innovation ETF (NYSE:ARKK) to buy the shares and also hold Tesla stock via two other traded funds, namely, the
Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) and the
Ark Next Generation Internet ETF (NYSE:ARKW).
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All three ETFs – ARKK, ARKQ and ARKW- count Tesla among their largest holdings and together held about 4.93 million shares, worth $3.25 billion, in the electric vehicle company ahead of Wednesday’s trade.
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