It's True: Cathie Wood's ARK Invest Has Been Loading Up On This Aviation Stock. Is It a No-Brainer Buying Opportunity?

Ark Invest CEO Cathie Wood has made a name for herself as an influential growth investor. When growth stocks are in a bull market phase, her tech- and innovation-focused exchange-traded funds (ETFs) have tended to produce very strong returns. As a result, some investors have been paying close attention to moves that the famous growth investor makes across her company's ETFs.Archer Aviation (NYSE: ACHR) has positioned itself as a leading player in the still-nascent electric vertical take-off and landing (eVTOL) space. In August, Ark Invest purchased roughly $3.15 million worth of Archer stock across three of its funds -- ARK Innovation ETF, ARK Space Exploration & Innovation ETF, and ARK Autonomous Technology & Robotics ETF. The stock purchases across these ETFs came after Ark made a cumulative investment of approximately $40 million in June. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool