: Cathie Wood wades into GM as Ark Invest trims Tesla stake further


Cathie Wood’s Ark Invest has made its first investment in General Motors
according to disclosures made by the company.

The roughly $6 million purchase for the ARK Autonomous Technology & Robotics ETF

was the largest buy order made on Monday, as the ARK Next Generation ETF

sold roughly $21 million worth of Tesla and the flagship Ark Innovation ETF

sold some $13 million of Tesla stock.

GM is seeking approval from the National Highway Traffic Safety Administration to put a driverless electric vehicle into commercial service.


is still the top holding of both the innovation and autonomous technology funds, and the number-two holding in the internet fund.

The innovation fund has dropped 67% from its June highs.

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