Cathie Wood-led Ark Invest on Friday booked a little more profit in Tesla Inc (NASDAQ:TSLA) as she sold some shares in the electric vehicle company, and increased the exposure in Walt Disney Co (NYSE:DIS), its third trade in the media and entertainment company so far this month.
The popular money managing firm sold 14,362 shares — estimated to be worth $10.9 million— in Tesla.
Shares of the Palo Alto, California-based Tesla closed 0.33% higher at $759.49 on Friday and have risen 3.2% so far this month. Year-to-date, Tesla shares have risen 4.07%.
The investment firm has sold an estimated $310 million in the Elon Musk-led company so far in September via a total of five trades.
See Also: Cathie Wood Further Trims Tesla Stake, Selling $31.4M Shares On Thursday
On Friday, Ark Invest sold shares in Tesla via the Ark Next Generation Internet ETF (NYSE:ARKW). Two other ETFs — the Ark Innovation ETF (NYSE:ARKK) and the Ark Autonomous Technology & Robotics ETF (BATS:ARKQ) own shares in Tesla. No other ETF holds any exposure in the electric vehicle company’s stock.
The three ETFs held a total of about 4.09 million shares — worth $3.1 billion — in the electric vehicle company, as of Friday’s trades.
The popular investment management firm has a large exposure in Tesla, a stock it predicts will hit the $3,000 mark at the end of 2025.
Here are some of the other key trades for Ark on Friday:
The New York-based investment firm snapped up 5,303 shares — estimated to be worth a little less than one million. This was Ark Invest’s second trade in Disney since May, when it first bought some exposure in the company.
Bought 228,082 shares — estimated to be worth about $9.66 million — in Robinhood Markets Inc (NASDAQ:HOOD).
Bought 74,087 shares — estimated to be worth about $4 million — in UiPath Inc (NYSE:PATH).
See Also: Cathie Wood Buys $26M Disney Shares And Sells $13M In Netflix: What You Need To Know