Van Leeuwen & Company LLC increased its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 17.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,903 shares of the company’s stock after purchasing an additional 280 […]
Old West Investment Management LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,895 shares of the aerospace company’s stock after buying an additional 276 […]
NEW YORK(Reuters) - Individual investors have given a cold shoulder to Cathie Wood s ARK Innovation Fund during their searing run this year, but some market watchers believe that may change if risk appetite keeps improving. The $8 billion fund, which outperformed all U.S. equity funds during the pandemic rally of 2020 but suffered a steep fall last year, is up nearly 37% year-to-date, outpacing broader markets. Despite those gains, the fund has notched more than $250 million in net outflows since the start of the year, according to Lipper data. That pattern has persisted during the market s recent leg higher: over $157 million has left the fund over the last eight weeks, a period in which its price gained nearly 15%. The tech-heavy Nasdaq 100, by comparison, is up 13% in that period.
By David Randall NEW YORK(Reuters) - Individual investors have given a cold shoulder to Cathie Wood's ARK Innovation Fund during their searing run thi.
Individual investors have given a cold shoulder to Cathie Wood’s ARK Innovation Fund during their searing run this year, but some market watchers believe that may change if risk appetite keeps improving. The $8 billion fund, which outperformed all U.S. equity funds during the pandemic rally of 2020 but suffered a steep fall last year, is up nearly 37% year-to-date, outpacing broader markets. ARK Invest, the fund's parent company, did not respond to a request for comment.