Cathie Wood s space ETF sold off Virgin Galactic stock before it staged a massive rally following a successful test flight ilee@insider.com (Isabelle Lee) © ARK Invest Cathie Wood is the CEO and chief investment officer of ARK Invest, which runs three of the highest-returning stock ETFs of the last three years. ARK Invest
Cathie Wood s Ark Invest sold most of its Virgin Galactic holdings as of May 25.
The gradual selling happened just before Virgin Galactic launched a successful test flight that pushed its stock to a six-week high.
As of May 25, only Wood s ARKX had Virgin Galactic shares, holding only about $322 of the commercial-space flight company.
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