In an SEC filing dated September 16, ARK Invest (ARKK) announced that Cathie Wood would step down as portfolio manager from two of ARK’s exchange-traded funds, the 3D Printing ETF (PRNT) and ARK Israel Innovative Technology ETF.
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William Scherer will replace Wood as the portfolio manager for both funds.
Currently, the ARK Israel Innovative Technology ETF has $115.4 million in Assets Under Management (AUM) while ARK’s 3D Printing ETF has $196.7 million AUM.
Both the ETFs, ARK Israel and 3D Printing ETFs have lost 32% and 35.9% in value this year.