Cathie Wood’s ARK Invest Adjusts Positions in ACHR, BIDU, and BABA
Cathie Wood, CEO of ARK Invest, executed notable trades across several ETFs on October 15, including the ARK Innovation ETF (ARKK) and ARK Autonomous Technology & Robotics ETF (ARKQ). The most significant MOVE involved trimming 302,280 shares of Archer Aviation (ACHR) after a strong rally. Archer, developing electric vertical takeoff and landing (eVTOL) aircraft, represents Wood's continued focus on disruptive mobility technologies.
ARK's activity underscores its strategy of capitalizing on innovation-driven sectors—from AI to fintech—while adjusting exposures to lock in gains. The trades reflect Wood's signature approach: early identification of transformative trends followed by tactical portfolio rebalancing.