Cathie Wood Watch: Ark Dives Back in to Tesla Shares

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has dropped 36% over the past year, but has rebounded 26% so far this year. Famed money manager Cathie Wood, chief executive of Ark Investment Management, was at it again Wednesday, buying and selling some of her big-name stocks. The most notable trade was her first purchase of Tesla (TSLA) – Get Free Report stock since Jan. 23. Ark funds snagged 69,329 shares of the electric-vehicle titan, valued at $12.6 million. Tesla is by far the biggest holding in Wood’s flagship Ark Innovation ETF (ARKK) – Get Free Report. DON’T MISS: Cathie Wood’s Theory B…

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