Cathie Wood’s Ark Invest has made its first investment in General Motors GM,
according to statements made by the company.
The purchase of approximately $6 million for the ETF ARK Autonomous Technology & Robotics ARKQ,
was the largest buy order placed on Monday, such as the ARK Next Generation ETF ARKW,
sold Tesla and flagship Ark Innovation ETF ARKK for around $21 million,
sold some $13 million worth of Tesla stock.
GM is seeking approval from the National Highway Traffic Safety Administration to put a driverless electric vehicle into commercial service.
is still the first position of stand-alone innovation and technology funds, and the second position of the Internet fund.
The innovation fund has fallen 67% from its June highs.