LMT - Cathie Wood Owns Lockheed Martin Stock: Should You?
Cathie Wood, CEO of Ark Invest, has taken the Exchange Traded Fund (ETF) industry by storm. In 2019, her five actively managed funds won "ETF Suite of the Year" at The Mutual Fund Industry and ETF Awards. On cue, all five of those actively managed funds more than doubled in 2020 compared to a 43% gain in the Nasdaq .
The smallest of those five ETFs , the ARK Autonomous Technology and Robotics ETF (NYSEMKT: ARKQ) has been buying shares in aerospace and defense contractor Lockheed Martin (NYSE: LMT) . With 272,835 shares, Lockheed is currently the fund's 12th largest holding and makes up 2.7% of its portfolio. Here's why Lockheed is a good fit for this ETF, and why it could be a good fit in your portfolio as well.
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Cathie Wood Owns Lockheed Martin Stock: Should You?