Cathie Wood Goes on Biggest Dip-Buying Binge Since February
- Ark funds buy shares of 27 stocks on Tuesday amid selloff
- Paired with deflation tweets, Wood is ‘walking the walk’: BI
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Tuesday’s brutal selloff in the aftermath of August’s hotter-than-expected inflation print looked like opportunity to Cathie Wood’s Ark Investment Management.
The firm bought 27 stocks across its eight exchange-traded funds on Tuesday, according to data compiled by Bloomberg. The largest buy was Roku Inc., which is already the third biggest holding in the firm’s flagship $8 billion ARK Innovation ETF (ticker ARKK).