Cathie Wood’s ARK sells $7 million more in Tesla stock

Two exchange-traded funds run by Cathie Wood’s ARK Investment dumped more shares of Tesla Inc.
TSLA,
+2.41%
Wednesday, ARK’s disclosures show. The ARK Autonomous Technology & Robotics ETF
ARKQ,
+2.01%
sold 17,967 shares of Tesla on the day, while the ARK Next Generation Internet ETF
ARKW,
+1.16%
shed 10,401 shares, according to the daily trade notifications that ARK publicizes. Together that amounts to $7.3 million in Tesla stock, based on Wednesday’s closing price of $256.24. ARK funds have dumped more than 500,000 shares of Tesla this month. Meanwhile, the ARK Autonomous Technology & Robotics ETF added 4,576 shares of Advanced Micro Devices Inc.
AMD,
-0.20%
Wednesday, worth just over $500,000 based on the day’s $110.17 closing price. That fund also bought up 6,542 shares of Taiwan Semiconductor Manufacturing Co. Ltd.
TSM,
-1.14%,
while the Next Generation Internet ETF scooped up 20,114 shares. That comes out to just shy of $2.7 million in stock, based on Wednesday’s $100.92 close.