Cathie Wood's ARK Space ETF is the largest shareholder of Cathie Wood's 3D printing ETF
Cathie Woodis buying her own 3D printing ETF amid a fall in share prices.
- Wood's ARK Space Exploration & Innovation ETF (
ARKX) now owns nearly 5.8% of her 3D printing ETF.
- ARKX is by far the largest shareholder of The 3D printing ETF (
After Wednesday's trades, Cathie Wood's ARK Space Exploration & Innovation ETF now owns nearly 5.8% of her own 3D printing fund, according to data compiled by Bloomberg.
The ARKX Space exchange-traded fund is by far the largest shareholder of Wood's 3D printing ETF, holding over 8 times more shares than the second-largest shareholder, Oppenheimer Holdings, which owns just 0.71% of the fund.Not only that but with 895,275 shares, Wood's Space ETF holds more of her own 3D printing fund than the top 30 owners combined, who hold just 695,898 shares.
Despite the undeniably successful launch, the Space ETF has underperformed since going public, with shares stuck trading around the public debut price of $20.30 per share.Some analysts and market commentators have criticized Wood's space offering for investing in companies that do not necessarily generate revenues from space-related activities.
ARKX's top holdings are Trimble, a technology company that provides GPS, laser, and optical technologies, Cathie Wood's own 3D printing ETF, Kratos Defense & Security Solutions, and the Chinese e-commerce giant JD.com.The
PRNT is down more than 21% from its February 9th record highs, and Cathie Wood is buying her own dip.
Wood remains confident in the upward trajectory of the market and her high-flying tech shares.When Elon Musk asked the fund manager about the Buffett indicator-a ratio used by investors to gauge whether the market is fairly valued or not-flashing red recently, Wood trumpeted innovation and argued GDP was an old and broken metric.
Wood continues to double down on her top tech stock picks. The fund manager's flagship fund the ARK Innovation ETF even picked up another 1,045,600 shares of Palantir on Wednesday.
- Notified new policy on rare diseases, approved budget of Rs 25 crore for treatment: Centre to HC
- Former PM Manmohan Singh admitted to AIIMS after testing positive for COVID-19
- If you are 18 years or older, you can get a COVID-19 vaccine from May 1
- India is promoting a new internet protocol— the government is offering help for websites to migrate
- SaaS unicorn Druva, which manages data for NASA, Pfizer, and GameStop, raises $147 million; valuation crosses $2 billion