Cathie Wood's ARK funds sold Tesla (TSLA) to increase their stake in Zoom Video Communications (ZM)after the poorly received results by the video communications company. In the flagship Ark Innovation ETF (ARKK), the fund sold $136 million of Tesla shares while buying $112 million of Zoom. In the ARK Next Generation Internet ETF (ARKW), the fund sold $23 million of Tesla to buy $22 million of Zoom.
(END) Dow Jones Newswires
November 24, 2021 06:18 ET (11:18 GMT)
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