Cathie Wood’s ARK Innovation ETF sold nearly $14 million worth of Tesla’s stock

Cathie Wood’s ARK Innovation ETF
ARKK,
-1.32%
has sold nearly $14 million worth of Tesla Inc. shares
TSLA,
+1.43%,
the ETF’s first sale of the EV maker’s stock in September. But Tesla remains by far the ETF’s largest holding with a weight of 11.38% as of Sept. 14, while 2nd-place Roku Inc.’s
ROKU,
-3.52%
weighting is 8.08%. The ETF said it sold 51,155 shares of Tesla on Wednesday, which based on the closing price of $271.30 would be valued at $13.88 million. That follows the sale of a total of 114,799 Tesla shares in August, which based on the Aug. 31 closing price of $258.08 would be valued at $29.63 million. Tesla’s stock rose 0.7% in premarket trading Thursday. The ETF also said it sold 178,672 shares of DraftKings Inc.
DKNG,
+0.07%,
which would be valued at $5.49 million at Wednesday’s close. The digital sports entertainment and gaming company is the ETF’s 8th-largest holding with a weighting of 4.1%. Separately, the ETF said it bought 458,265 shares of Roblox Corp. shares
RBLX,
-5.03%,
valued at $12.71 million at Wednesday’s close. The online gaming services company is the ETF’s 17th-largest holding with a 2.87% weighting. The ETF, which gained 0.9% in premarket trading, has run up 39.0% year to date through Wednesday, while the S&P 500
SPX,
+0.12%
has advanced 16.4%.