Cathie Wood's Megacap Tech Buy
This is a news story, published by MSN, that relates primarily to Cathie Wood news.
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Ark Invest CEOTheStreet
•Business
Business & Economics
Cathie Wood buys $9 million of tumbling tech stock amid tariff crash
78% Informative
Cathie Wood , CEO of Ark Investment Management , typically focuses on small- and mid-cap technology stocks.
She sometimes ventures into megacap stocks, likely aiming to add stability to her funds.
Wood’s flagship fund, the Ark Innovation ETF (ARKK) is down 27.2% year-to-date as of April 4 , while the S&P 500 and the Nasdaq Composite lost 13.73% and 19.28% .
The stock is the 15th largest holding of the Ark Innovation ETF as of April 4 , occupying 2.17% . Related: Veteran fund manager unveils eye-popping S&P 500 forecast.
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