Cathie Wood‘s ARK Next Generation Internet ETF (ARKW) has made its first purchase of the tech giant, Microsoft (MSFT). Wood’s ARKW bought 40,957 shares of Microsoft worth $11 million with a weightage of 0.9% in the ARK Next Generation Internet ETF.
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This purchase would be the 26th largest holding in the ARKW portfolio.
The ARK Next Generation Internet ETF (ARKW) has lost more than 38% of its value in the past year.