Cathie Wood sells $16 million of megacap tech stock
Ark Innovation ETF is down 6% year-to-date.
When markets dip, Cathie Wood, the pinnacle of Ark Funding Management, most ceaselessly sees trading opportunities.
Final week, she trimmed her region in a serious tech big, promoting shares for four straight sessions.
Wood’s flagship fund, Ark Innovation ETF (ARKK) , is down 5.95% year-to-date as of March 24, while the Nasdaq Composite and S&P 500 lost 5.81% and 1.94% all around the identical length, respectively.
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