ARK Innovation ETF (ARKK)
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Take a look at some ETFs with strong exposure to Tesla after Musk's contentious Twitter poll.
Cathie Wood reportedly said Ark Invest won't buy Rivian stock due to the EV maker's 'rich' valuation2021-11-10 15:25
Wood's comments came before Rivian's first public trades this afternoon, when the company was valued closer to $76 billion based on its $78 IPO price.
Now you can bet against Cathie Wood's flagship fund.
One of the reasons that many investors are drawn to the ARK Innovation ETF (NYSEArca: ARKK) is that it features exposure to multiple disruptive technologies. Taking the broad view, ARKK's themes of emphasis include automation, robotics, energy storage, artificial intelligence (AI), fintech, genomics, and next generation internet.
We will discuss the investment styles of Warren Buffett and Cathie Wood and highlight some of their largest positions with Seeking Alpha Quant grades. BRK.B had 41.4% of their portfolio in Apple and ARRK had a 10.7% allocation to Tesla.
Market volatility affects all companies, but can be particularly fraught for innovative firms. It is not unexpected that companies that are creating ideas that will define the future could hit challenges in the present.
With an 11.18% weight to Tesla (NASDAQ:TSLA) as of Nov. 3, it's not a stretch to say that the ARK Innovation ETF (NYSEArca: ARKK) is a prime example of an exchange traded fund that's sensitive to electric vehicle (EV) adoption trends. Further cementing that notion is the actively managed ARKK's status as one of the [.
As markets cycle through equities and generate volatility, this can impact some innovative companies. However, pullbacks are often opportunities for investors to capitalize on the innovations that can change the world.
As companies, consumers, and investors know, brands have value, and that value is often material to investors. Along those lines, brand equity is something that Tesla has and that's a plus for its shareholders and exchange traded funds with large allocations to the stock, including the ARK Innovation ETF (NYSEArca: ARKK).
ARK Innovation ETF continues its major consolidation phase amid its recovering momentum. Its largest holdings are mostly rated well for their respective momentum.