Cathie Wood Watch: Ark Dumps Pfizer, Buys Tesla


Celebrity investor Cathie Wood, chief govt of Ark Investment Management, bought shares of a significant pharmaceutical firm and traded in a few of her common names June 8.

All the valuations beneath are as of June 8’s shut.

The pharma firm is Pfizer  (PFE) – Get Pfizer Inc. Report, which doesn’t match the younger, “disruptive” expertise corporations that make up the majority of Wood’s portfolio.

In any case, Ark Genomic Revolution ETF  (ARKG) – Get ARK Genomic Revolution ETF Report, unloaded 152,823 shares of the drug big, valued at $8.2 million. The inventory has dipped 9% up to now this yr.