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Cathie Wood's Ark Invest Books More Profit In Tesla, Buys Disney, Robinhood, UiPath on Friday


Benzinga | Sep 20, 2021 03:56AM EDT

Cathie Wood's Ark Invest Books More Profit In Tesla, Buys Disney, Robinhood, UiPath on Friday

Cathie Wood-led Ark Invest on Friday booked a little more profit in Tesla Inc (NASDAQ:TSLA) as she sold some shares in the electric vehicle company, and increased the exposure in Walt Disney Co (NYSE:DIS), its third trade in the media and entertainment company so far this month.

The popular money managing firm sold 14,362 shares -- estimated to be worth $10.9 million-- in Tesla.

Shares of the Palo Alto, California-based Tesla closed 0.33% higher at $759.49 on Friday and have risen 3.2% so far this month. Year-to-date, Tesla shares have risen 4.07%.

The investment firm has sold an estimated $310 million in the Elon Musk-led company so far in September via a total of five trades.

See Also: Cathie Wood Further Trims Tesla Stake, Selling $31.4M Shares On Thursday

On Friday, Ark Invest sold shares in Tesla via the Ark Next Generation Internet ETF (NYSE:ARKW). Two other ETFs -- the Ark Innovation ETF (NYSE:ARKK) and the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) own shares in Tesla. No other ETF holds any exposure in the electric vehicle company's stock.

The three ETFs held a total of about 4.09 million shares -- worth $3.1 billion -- in the electric vehicle company, as of Friday's trades.

The popular investment management firm has a large exposure in Tesla, a stock it predicts will hit the $3,000 mark at the end of 2025.

Here are some of the other key trades for Ark on Friday:

The New York-based investment firm snapped up 5,303 shares -- estimated to be worth a little less than one million. This was Ark Invest's second trade in Disney since May, when it first bought some exposure in the company.

Bought 228,082 shares -- estimated to be worth about $9.66 million -- in Robinhood Markets Inc (NASDAQ:HOOD).

Bought 74,087 shares -- estimated to be worth about $4 million -- in UiPath Inc (NYSE:PATH).

See Also: Cathie Wood Buys $26M Disney Shares And Sells $13M In Netflix: What You Need To Know









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