Investment star Cathie Wood, CEO of Ark Investment Management, is at it again, buying shares of beaten-down technology stocks, just as she promised.
On Thursday, Ark exchange-traded funds purchased shares of electric car titan Tesla (TSLA) – Get Tesla Inc Report; Coinbase Global (COIN) , the largest U.S. cryptocurrency exchange; and Zoom Video Communications (ZM) – Get Zoom Video Communications, Inc. Class A Report, a video meeting service.
Tesla is the No. 1 holding in Ark’s flagship Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report, Zoom is No. 4 and Coinbase is No. 5.