Cathie Wood’s ARK ETFs sold more Tesla stock, while buying Meta shares

Cathie Wood’s ARK Investment exchange-traded funds sold more Tesla Inc. TSLA stock,
+0.95%
on Wednesday, while buying some Meta Platforms Inc. META shares,
+2.92%.
The ARK Next Generation Internet ETF ARKW,
-0.71%
sold 28,267 shares of Tesla, which would be valued at $7.98 million at Wednesday’s closing price of $282.48, after that ETF sold 3,491 shares and the ARK Innovation ETF ARKK,
-0.35%
sold 25,806 shares on Monday. Meanwhile, the ARK Next Generation Internet ETF (ARKW) also bought 5,486 Meta shares, valued at $1.61 million. Among other ARKW trades Monday, the ETF bought 225,186 shares of Genius Sports Ltd. GENI,
-5.83%,
which just announced an extension of its NFL partnership on Tuesday. The ETF’s purchases also include 93,320 shares of Robinhood Markets Inc. HOOD,
+0.56%
and 29,038 shares of Roku Inc. ROKU,
-0.41%
The ARKW ETF has climbed 16.8% over the past three months while the S&P 500 SPX,
-0.20%
has gained 8.3%. Separately, the ARK Autonomous Tech. and Robotics ETF ARKQ,
-0.02%
bought 24,066 shares of Advanced Micro Devices Inc. share AMD,
-1.61%
while selling 6,489 Nvidia Corp. NVDA shares,
-0.23%
on Monday.