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.
