Cathie Wood sold $12.8 million of soaring fintech stock
The Nasdaq Composite is up 28.5% this year, while the ARK Innovation ETF has returned just 3.25%.
Following Donald Trump's most up-to-date election win, Cathie Wood's ARK funds experienced an oversized surge.
Within the past week, ARK Invest's flagship fund, the ARK Innovation ETF (ARKK) is up 15.ninety three%, compared with the S&P 500’s Four.Sixty nine% gain.
Wood often sells shares of companies that surge after strong earnings reports.
That's exactly what she did this week. This allows her to secure profits and rebalance her portfolios.
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