XPEV - Cathie Wood's ARK Invest unloads a bulk of its XPeng stock holdings

2023-03-29 08:24:49 ET

ARK Invest sold 226,727 shares of XPeng ( NYSE: XPEV ) out of the ARK Autonomous Technology & Robotics ETF ( ARKQ ) on March 28 to follow on the sale of 128,222 shares of the electric vehicle maker on March 27.

Notably, XPeng ( XPEV ) is now the smallest position in the fund with 9,319 shares accounting for just 0.01% of the fund's holdings.

Shares of XPeng ( XPEV ) gained 3.02% in premarket action on Wednesday to add to Tuesday's mini-rally of 5.56%. The electric vehicle stock is now essentially flat for the year. See the advanced trading chart.

Ahead of ARK Invest's moves, the Seeking Alpha Quant Rating on XPeng flipped to Sell from Hold on February 16 due to low marks for profitability and momentum.

For further details see: