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Archer sharesInvestor's Business Daily
•81% Informative
Cathie Wood and her Ark Invest firm on Tuesday shed some of their Tesla stock holdings and loaded up on budding drone maker Archer Aviation .
Wood and ARK purchased 406,912 shares of Archer Aviation on Tuesday worth $1.51 million .
Archer is developing electric vertical takeoff and landing (eVTOL) vehicles for urban environments.
Wood sold more than 56,000 shares from ARK Innovation ETF (ARKK) while the rest were unloaded from the ARK Next Generation InternetETF (ARKW).
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