Growth stocks are getting hit pretty hard, and that's naturally going to be bad news for Cathie Wood. The co-founder and CEO of Ark Invest is seeing her family of exchange-traded funds ( ETFs ) hitting new lows this week, but Wood isn't backing down from her approach to finding the market's leading edge investments.
Even as her portfolios were taking another hit on Wednesday, Wood was actively adding to some of her beleaguered positions. Ark Invest added to Vuzix (NASDAQ: VUZI) , Velo3D (NYSE: VLD) , and Coinbase Global (NASDAQ: COIN) through the trading day's deluge. Let's see why she added to her existing positions in all three investments on Wednesday.
Image source: Getty Images.
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought