Cathie Woods' Ark ETF adds more Tesla shares as prices plunge

Fate Therapeutics

03/01/2023 14:01

** Popular investor Cathie Woods' flagship Ark Innovation
ETF  ARKK.P  buys 221,748 shares of Tesla  TSLA.O  on Friday,
worth $27.31 mln as of their last closing price 
    ** ARKK has been buying the EV maker's shares since Oct. 3,
2022, according to data by cathiesark.com, as they plunged 65%
in 2022 to post their worst year ever   
    ** TSLA is the third biggest holding on ARKK, according to
the ETF's website
    ** ARKK, whose shares more than doubled in value during the
pandemic rally, ended 67% down in 2022 as surging inflation and
higher interest rates dried up appetite for high-growth shares
    ** ARKK also sold 1,915,846 shares of Fate Therapeutics
 FATE.O  worth $19.33 mln
    ** Cathie Woods ARK Genomic Revolution ETF  ARKG.P  sold
404,821 shares of FATE worth $4.08 mln
 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;  Twitter:
@BansariKamdar;))