Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK) is always rebalancing its stock portfolio. The fund sold 51,155 shares of electric-vehicle veteran (NASDAQ: TSLA) on Wednesday, effectively moving $14 million from that stock to video game platform Roblox (NYSE: RBLX).

This sale extended a long-running streak to 13 consecutive trades where the fund reduced its Tesla ownership. ARK Innovation hasn't bought Tesla shares since April 26, siphoning a total of 729,582 shares out of its largest holding during that span.

Has Cathie Wood lost patience with Tesla, or is she simply turning some paper profits into solid cash? Let's take a look.

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Source Fool.com