Cathie Wood's ARK Investment Management is offloading Meta Platforms stock -- but investors shouldn't sweat it.

Wood's flagship Ark Innovation exchange-traded fund, which trades under the ticker ARKK, sold 12,595 of the Facebook parent's shares Monday and another 2,160 shares Tuesday, according to a list of daily trades it publishes. The ETF still holds over 250,000 Meta shares, and its position would have been valued at just under $150 million as of Tuesday's close.

Meta shares were up 0.1% at $583.05 in premarket trading on Wednesday.

It's the first time Wood has sold Meta in nearly a year, according to Bloomberg data. The social-media company's shareholders may well be feeling on edge -- the stock has tumbled 17% over the past month, dropping amid a broader tech selloff triggered by worries that U.S. President Donald Trump's tariffs will either tank growth or fuel a flare-up in inflation.

But the trade is small enough to suggest that Wood is just rebalancing ARK's portfolio, rather than planning to significantly scale back her position.

And even if Wood were to dump Meta entirely, that doesn't mean investors should follow suit. While the ARK Innovation ETF soared in 2021 thanks to its exposure to what it calls disruptive tech stocks, it has struggled since. ARKK has tumbled 27% since March 2022, compared with a 26% gain for the Nasdaq Composite tech benchmark over the same period.