Cathie Wood unloads $11.8 million in two high-tech defense stocks
The Nasdaq Composite gained 30% in 2024, while Ark Innovation ETF returned just 8.4%.
Cathie Wood, chief of Ark Funding Management, incessantly adjusts her high positions, adding to a maintaining when the stock falls and selling when it rises.
Typically, this procedure will pay off - her flagship ARK Innovation ETF (ARKK) has received 5% this twelve months, speedily outperforming the S&P 500 and the Nasdaq Composite.
Closing week, she equipped two high-tech protection stocks.
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