What Happened
ARK Invest Shifts Focus To Rocket Lab And Archer Aviation
Cathie Wood-led ARK Invest has sold Amazon shares worth nearly $3 million and invested in aerospace and space stocks, including Rocket Lab and Archer Aviation. The move is seen as a strategic shift in the company’s investment focus, with ARK Invest buying around $9.7 million worth of shares in the two companies. According to ARK’s daily trade disclosures, the investment was made on Tuesday, as reported by Investor’s Business Daily.