When Wall Street's top money managers outperform, they tend to get noticed. Following the COVID-19 crash in February-March 2020 and continuing through much of 2021, few investment managers garnered as much attention as Ark Invest's Cathie Wood.

Between March 16, 2020, and Feb. 15, 2021, Wood's flagship Ark Innovation ETF soared more than 330%! But with the Federal Reserve raising its federal funds rate 525 basis points since March 2022, access to abundant cheap capital has dried up -- and so has Wood's warm welcome on Wall Street.

With the Ark Innovation ETF completely round-tripping from its 2021 highs, investors are keen to see what moves Ark Invest's chief investment officer Cathie Wood has been making. Based on the latest round of Form 13F filings with the Securities and Exchange Commission (SEC), it appears Wood and her team did quite a bit of selling in two companies Ark Investment Management had previously touted.

Continue reading

Source Fool.com