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On Monday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA). The investment firm increased its holdings in Tesla across multiple ETFs, despite the stock experiencing a decline.
The Tesla Trade
Ark Invest’s decision to bolster its Tesla holdings comes at a time when the Elon Musk-led company’s stock closed at $352.82, reflecting a 2.15% drop. The trades were executed through ARK Innovation ETF (BATS:ARKK), the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and the ARK Space & Defense Innovation ETF (BATS:ARKX). Specifically, ARKK acquired 29,563 …
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