Business

Cathie Wood’s old-school stock shock purchase


Renowned money manager Cathie Wood, chief executive officer of Ark Investment Management, focuses on fledgling tech companies she considers disruptive.

But on Friday, she bought shares in a company that is certainly not a fledgling, and one that few consider a disruptive technology company. To be sure, this is also a company that has performed well in recent years under a highly regarded executive.

The company is General Motors (GM) – Get a free reportand the CEO is Mary Barra.

Ark Autonomous Technology & Robot ETF (ARKQ) – Get a free report purchased 70,226 shares, worth $2.9 million as of the end of Friday.

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