Here's the "Magnificent Seven" Stock Cathie Wood Is Piling Into Now
Ark Invest recently bought $18.4 billion in shares of Meta Platforms.
Overview
Cathie Wood, the CEO and chief investment officer of Ark Investment Management, has been directing her firm to load up on shares of Meta Platforms (NASDAQ: META), the parent company of Facebook, Instagram, and WhatsApp. Wood's investment management firm purchased 34,080 shares of the technology company in recent weeks, which, at today's share price of around $584, are worth about $18.4 million.
Ark Invest funds are broadly focused on disruptive technologies like artificial intelligence (AI), robotics and automation, blockchain and fintech, space and defense, and DNA sequencing.
Ark Invest CEO Cathie Wood. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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