Cathie Wood's position in Archer Aviation is currently worth $284 Million. That's 2.46% of their equity portfolio (11th largest holding). The investor owns 26.76% 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 eight occasions. The stake costed the investor $172 Million, netting the investor a gain of 65% 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...