laatste update: 05-2022
Cathie Wood-led Ark Investment Management on Thursday raised its exposure in Tesla Inc (NASDAQ:TSLA) on the dip, breaking its months-long profit-booking spree in the electric vehicle maker’s stock.
The popular money managing firm bought 33,482 shares — estimated to be worth $27.75 million based on the latest closing price— in Tesla.
Tesla stock closed 11.55% lower at $829.10 a share on Thursday. The stock is down 30.9% so far this year.
Tesla has a 52-week high of $1,243.49 and a 52-week low of $539.49.
Wood, a Tesla bull, had been selling shares in the Musk-led company’s stock since September when shares rose after a blockbuster deal with car rental company Hertz Global Holdings (NYSE:HTZ). Tesla shares had joined the $1 trillion market club after shares went past the $1,000 mark.
ARK Invest has been the talk of Wall Street over the past couple of years, outperforming the market and solidifying its place among the big players in the investments world. Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett.
The ARK Fintech Innovation ETF (NYSEARCA: ARKF) deals mainly with up-and-coming fintech stocks, as the name suggests. Some of its biggest holdings include Square, Zillow, Pinterest, PayPal and Alibaba. Net assets for the fund are currently $2.2 billion. Here are some notable purchases in this fund: NO BUYS
ARK Genomic Revolution ETF (NYSEARCA: ARKG) looks at companies across multiple industries, but the general focus is on health care and companies that are changing the game technologically in this field. The biggest holdings are Pacific Biosciences, Teladoc Health, CRISPR and Fate Therapeutics. Net assets for the fund are currently $5.1 billion. Here are some notable buys in this fund: 186,590 shares of Burning Rock Biotech, 44,680 shares of Intellia Therapeutics, & 29,250 shares of Personalis.
ARK Innovation ETF (NYSEARCA: ARKK) has a particular focus on disruptive innovation across multiple industries, but primarily tech. Some of the biggest names are in this fund, including Tesla, Roku, Square, Zillow and Spotify. Net assets for this fund are currently $16.2 billion. Here are some notable purchases in this fund: 989,771 shares of Ginkgo Bioworks, 27,799 shares of Tesla, & 26,278 shares of Intellia Therapeutics.
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) is focused, unsurprisingly, on companies that are in the field of autonomous technology and robotics, specifically ones that are disruptively innovating. Big names in this fund include Tesla, Alphabet, JD.com, Baidu and Iridium. Net assets for this fund are currently $2.2 billion. Here are some notable purchases in the fund: 74,436 shares of Markforged & 34,249 shares of Velo3d.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) is focused on companies that are disruptively innovating within the theme of the next generation of the internet. Some names in this fund are similar to the others, including Tesla, Square, Grayscale Bitcoin Trust, Facebook and Snap. Net assets for this fund are currently $3.8 billion. Here are the notable purchases in the fund: 5,683 shares of Tesla & 858,666 shares of Genius Sport.
Ark Space Exploration & Innovation ETF (NYSEARCA: ARKX) is focused primarily on companies developing technology around spaceflight. Big names in this fund include Trimble, Kratos, Nvidia, Amazon and Iridium. Net assets for this fund are currently $468.9 million. Notable trades in the fund: 23,534 shares of AeroVironment & 59,122 shares of Velo3d.
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