Cathie Wood Buys $7 Million of SpaceX Stock After Unloading Alibaba
Wood is one of the most bullish investors in SpaceX.
Overview
There are some investors out there who like to keep a close eye on Cathie Wood investments. Many of the technology-focused exchange-traded funds (ETFs) offered by Wood's Ark Investment Management are popular choices for investors.
Ark Invest recently made a big move, adding $7 million to its holdings in Space Exploration Technologies (NASDAQ: SPCX). It's not the first time Wood (through Art Invest) has bought SpaceX, and it comes as her funds move away from China-based stocks.
Details
Should investors follow Wood's move and buy SpaceX stock? Here's what you should know.
Source
Originally published at www.fool.com.
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