Cathie Wood's ETF keeps selling Tesla stock even as she gets more bullish
ARK Innovation ETF's stake in Tesla has climbed above $1 billion even after it has sold more than 200,000 shares in December. Cathie Wood continues to sell Tesla Inc.'s stock as it rallies, but a look at the holdings of her flagship ETF actually shows that the high-profile investor is getting more and more bullish on the electric-vehicle giant.Wood's ARK Innovation ETF said it sold 13,040 Tesla shares on Monday, which at the day's closing price would be valued at about $5.6 million.Meanwhile, the ETF also said that as of early-Tuesday, it owned 2,530,383 Tesla shares valued at $1.09 billion. That made Tesla's stock its largest holding by far with a 16.13% weighting.That compares with the ETF's holding of 2,744,414 shares at the end of November, which prior to the December rally, were valued at "just" $947.3 million.But just before the election, the 2,963,070 shares the ETF owned were valued at that time at "only" $745 million.Investment funds will often trim stakes of their holdings a
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