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Cathie Wood Has Bought 1 27 Million Shares of ACHR Stock in October 2023

Cathie Wood's Ark Invest has picked up 1.27 million shares of ACHR stock, making it the fund's 24th largest position.

Cathie Wood s Clever Move: How Ark CEO Stayed Cool Amid Arm IPO Hype

Cathie Wood, one of the most renowned female investment professionals on Wall Street, manages nearly $60 billion in assets through her investment management firm ARK Invest. Her flagship fund, Ark Innovation ETF (NYSE:ARKK), has delivered average returns of 45% annually over the past five years and was one of the best-performing exchange-traded funds (ETFs) in 2021, driven by the tech boom. Nonetheless, Wood's ETFs took a big hit last year amid the tech rout. British chipmaker Arm Holdings plc's

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