Cathie Wood's position in Archer Aviation is currently worth $319 Million. That's 2.41% of their equity portfolio (12th largest holding). The investor owns 30.12% of the outstanding Archer Aviation stock. The first Archer Aviation trade was made in Q3 2021. Since then Cathie Wood bought shares six more times and sold shares on seven occasions. The stake costed the investor $188 Million, netting the investor a gain of 70% so far.
The race for air taxis is taking off. These machines are technically called electric vertical take-off and landing (eVTOL) aircraft.
https://www.investing.com/news/company-news/cathie-woods-ark-trades-tesla-archer-aviation-stock-93CH-3508514
Cathie Wood‘s firm Ark Invest sold some of its shares in EV maker Tesla (TSLA) and bought shares of drone maker Archer Aviation (ACHR). Tesla stock…
One of Wall Street's most prominent fund managers isn't too concerned with Tesla (NASDAQ: TSLA ) these days. In fact, Cathie Wood is turning her attention to...