Ark Invest bought 6.74K Tesla's share worth $1.50M

$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ As of 19 August 2024, Cathie Wood, CEO of Ark Invest, is holding 4.67 million Tesla's shares worth $1.04 billion.
Using the Moomoo app, you can check how much Tesla's share Cathie Wood is holding by using Institutional Tracker:
Menu>Market>Select US stock>scroll down to select Ark Investment Management LLC
You should see Tesla stock as the first few on the list showing the number of share holding, share value etc. Click the stock and you can see Cathie Wood's trading details.

Someone will use her selling Tesla's share as 'panic selling' without reporting how much share she is holding. In fact, the amount of Tesla's share she sold is small compared to the amount held indicating it is just portfolio adjusting. Cathie Wood is super bullish on Tesla stock and declares a target price of USD 2,000 (expected value) by year 2027.

$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$

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ImSerious : They try making the market very often and I am surprise when people say the big fat rich fii buys , we should buy. Reality we are not aware, are they hedging or doing OBO trades

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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.

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