Investment firm Ark Invest sold 20,466 shares of Tesla stock and purchased 57,900 shares of Teladoc stock in various funds, according to Business Insider.
The Tesla stock was worth around $4.1 million, while the purchase of Teladoc shares is worth around $3 million.
Since December, Ark Invest's exchange-traded funds haven't had much success, including a 20 percent drop in the Disruptive Innovation ETF. However, CEO Cathie Wood is defending her investments, stating Ark's funds will quadruple in the next five years, Business Insider reports.