Cathie Wood Sells $40.6 Million Worth of Semiconductor Stock Amid Market Pullback
Cathie Wood's ARK Innovation ETF sold $40.6 million worth of shares in a semiconductor company following a market pullback on May 15, as the iShares Semiconductor ETF dropped nearly 4%. This move comes amid mixed performance for her flagship fund, which is down 3.8% year to date compared to an 8% gain by the S&P 500.
Topics: ARKK Cathie Wood selling activity semiconductor stocks