Cathie Wood, CEO of Ark Invest, manages several ETFs focused on technology stocks, notably the Ark Innovation ETF (NYSEMKT: ARKK), which returned nearly 60% over the past year, significantly outperforming the Nasdaq Composite. A primary asset in this ETF is Tesla (NASDAQ: TSLA), comprising 9.6% of its holdings, with around 2.1 million shares valued over $630 million as of July 2.
Explain It To Me Like I’m 5: Cathie Wood runs a group of investment funds that focus on cool technology companies, and one of her biggest successes has been investing in Tesla, which makes electric cars.
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