Cathie Wood Is Loading Up On Disney Stock at a Great Time
ARK Invest stock-savant Cathie Wood loves disruptive growth stocks, but she's apparently not afraid to sift through blue chips to find a red-hot investment. Wood added to her existing Walt Disney (NYSE: DIS) investment, picking up shares of the media giant on Monday and again on Thursday for her ARK Next Generation Internet ETF (NYSEMKT: ARKW).
Disney isn't one of the fund's largest holdings, and she didn't even initiate her position until the springtime of this year. However, you have to like Wood's timing. There's a lot going right for the House of Mouse these days, and things are about to get even better.
Image source: Disney.
Source Fool.com
