Cathie Wood Watch: Roku Supplants Tesla as ARKK’s No. 1 Holding

The 41% drop by Tesla  (TSLA) – Get Tesla Inc Report shares because April 4 has put a sizable dent in the prosperity of Elon Musk, chief executive of the electrical-vehicle titan.

It also has strike holders of Cathie Wood’s flagship fund, Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report. Wooden is the hotshot funds manager who is chief government of Ark Expense Administration.

Tesla represented Ark Innovation’s greatest holding on most times given that at least 2017 right until May well 19, according to Bloomberg.

Tesla’s shares have dropped to the level that it’s now the No. 2 keeping for Ark Innovation, surpassed as No. 1 by streaming platform Roku  (ROKU) – Get Roku, Inc. Course A Report