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Cathie Wood’s Ark Invest has made its first investment in General Motors
GM,
according to disclosures made by the company.
The roughly $6 million purchase for the ARK Autonomous Technology & Robotics ETF
ARKQ,
was the largest buy order made on Monday, as the ARK Next Generation ETF
ARKW,
sold roughly $21 million worth of Tesla and the flagship Ark Innovation ETF
ARKK,
sold some $13 million of Tesla stock.
GM is seeking approval from the National Highway Traffic Safety Administration to put a driverless electric vehicle into commercial service.
Tesla
TSLA,
is still the top holding of both the innovation and autonomous technology funds, and the number-two holding in the internet fund.
The innovation fund has dropped 67% from its June highs.
