FILE PHOTO: A Tesla supercharger is shown at a charging station in Santa Clarita, California, U.S. October 2, 2019. REUTERS/Mike Blake
(Reuters) - Cathie Wood's flagship Ark Innovation fund has allowed its stake in Tesla Inc, its largest holding, to slip below 10% this week for the first time in over a month.
Tesla made up 9.7% of the Ark Innovation ETF as of Thursday, down from 10.9% a month ago, with a net sale of about 252,000 shares over that period, according to portfolio listings on the website of fund manager Ark Invest. The fund's remaining Tesla stake is worth $2.4 billion.
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