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Cathie Wood Doubles Down On Growth Stocks After Fund Loses A Fifth Of Its Value In 2021

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The innovation investor added to positions in DraftKings, Roblox and Robinhood.

The founder and CEO of Ark Invest purchased roughly 1.2 million shares of daily fantasy and sports betting operator DraftKings on Tuesday, a position worth just over $30 million.

So far this year, Wood also bought nearly 400,000 shares of popular stock trading app Robinhood while offloading around 360,000 shares of social media platform Twitter.

 

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