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Is the ARK Innovation ETF a Buy Under $100? -Breaking

by Mike Robinson

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© Reuters. The ARK Innovation ETF is a buy under $100

Renowned institutional investor Cathie Wood’s Ark Innovation ETF (ARKK) has been one of the worst-performing ETFs in the tech sector so far this year, with some of its major holdings losing momentum. And with the Federal Reserve expected to raise interest rates within the next few months, it begs the question: will ARKK see a rebound? Read more to find out.Cathie Wood’s flagship Ark Innovation ETF (ARKK) has been one of the worst performing ETFs managed by her asset management company Ark Investment Management LLC. The ETF has slumped 24.1% in price year-to-date and 20.3% over the past month to close yesterday’s trading session at $94.50.

After ARKK grew more than 152.5% by 2020, it is now the most-expanding ETF ever. Wood emerged last year as one of the best-performing investors, winning huge on her big bets on Tesla, Inc., (NASDAQ).

As of November 30, 2021, the actively managed ETF had assets under management totalling $18.38 million. It mainly holds TSLA. Roku Inc. (NASDAQ :), Teladoc Health Inc. Coinbase Global (NASDAQ:).

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