Cathie Wood's GM Novelty Wearing Off? Ark Sheds About One-Fourth Of Stake A Year After Taking A Fresh Position In Automaker

Cathie Wood’s GM Novelty Wearing Off? Ark Sheds About One-Fourth Of Stake A Year After Taking A Fresh Position In Automaker

July 21, 2023

in Stocks

Reading Time: 2 mins read

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Cathie Wood’s Ark Invest on Thursday disposed off a chunk of shares of legacy automaker General Motors Corp. (NYSE:GM).

What Happened: Ark, through its Ark Autonomous Technology & Robotics ETF (CBOE: ARKQ) sold 72,519 shares of GM, valued at $2.85 million based on Thursday’s closing price of $39.26.

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Cathie Wood’s GM Novelty Wearing Off? Ark Sheds About One-Fourth Of Stake A Year After Taking A Fresh Position In Automaker

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Cathie Wood’s GM Novelty Wearing Off? Ark Sheds About One-Fourth Of Stake A Year After Taking A Fresh Position In Automaker

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