News

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

0

Cathie Wood’s Ark Invest has made its first investment in General Motors
GM,
+1.75%
,
according to disclosures made by the company.

The roughly $6 million purchase for the ARK Autonomous Technology & Robotics ETF
ARKQ,
+0.37%

was the largest buy order made on Monday, as the ARK Next Generation ETF
ARKW,
-0.30%

sold roughly $21 million worth of Tesla and the flagship Ark Innovation ETF
ARKK,
+0.07%

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.

Tesla
TSLA,
+1.22%

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.

Breaking Technology Stock News: GBT (OTCPK: $GTCH) Further Strengthening Its 3D, Multiplanar IC Architecture Patent via Its Continuation Application

Previous article

Mining Stock News: Cerrado Gold (TSXV: CERT) Commences Drilling at Its Michelle Exploration Target in Argentina

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News