Cathie Wood, the female stock god, reduced her holdings of Tesla (TSLA.US) for the first time in 9 months under Ark Invest. The flagship ETF ARKK (ARKK.US) of Ark Invest reduced its holdings of 56,425 shares of Tesla on Tuesday (2nd), with a total value of $13.05 million calculated at the closing price on that day.
However, Tesla is still the largest holding of ARKK with a weight of 14.6%. Tesla's stock price rose 6.5% overnight on the 3rd, closing at $246.39.