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Cathie Wood s ARK Innovation ETF Is Down 10% This Week, Nearing New Low for the Year
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Börse Express - 3 Cathie-Wood-Aktien zum Kaufen und 10 Jahre Halten
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Is PayPal the Cathie Wood stock for you?
Jennifer Saibil | April 28, 2021 10:30am |
More on:
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Cathie Wood s focus on disruptive technology has made her one of the most-watched investors in the industry. Her firm, ARK Invest, operates several exchange-traded funds (ETFs) based on this philosophy, and one of the top holdings in Wood s
Ark Fintech Innovation ETF, at right around 4%, is
Despite being a household name, PayPal is still growing, and 2020 was its best year on record. The pandemic showed more consumers the value and necessity of digital payments, and PayPal was well-positioned to benefit from that trend. While many companies may find 2021 challenging as they lap ultra-high pandemic-related growth, this fintech giant is likely to continue its growth streak, and it s a stock you should consider.
Cathie Wood-led Ark Investment Management sold another 140,682 shares of the payments company
Square Inc (NYSE:SQ), estimated to be worth $35.7 million as of Tuesday s close, as it looks to rebalance its portfolio.
The investment firm’s Ark
Next Generation Internet ETF (NYSE:ARKW) sold 30,000.
The hedge fund counts Square among its top five holdings. It is ARKF’s largest holding representing a 10.9% weight of the ETF, not accounting for Tuesday s trade. ARKF held a total of 1.81 million shares worth about $464.24 million, as of Tuesday morning.
Square is ARKW’s third-largest holding behind
Tesla Inc (NASDAQ:TSLA) and
Grayscale Bitcoin Trust (OTC:GBTC). ARKW held a total of 1.34 million shares, worth about $343.84 million, as of Tuesday.
Is PayPal the Cathie Wood Stock for You?
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