The Finvest
  • Finance
  • Markets
  • Personal Finance
  • Retirement
  • Debt
  • Forex
  • Cryptocurrency
What's Hot

We Don’t Have ‘Immaculate Disinflation,’ and Markets Are Too Bullish on Rate Cuts

December 8, 2023

3 moves worth making if you’re worried about running out of money in retirement

December 8, 2023

How does debt relief work?

December 8, 2023
Facebook Twitter Instagram
Facebook Twitter Instagram
The Finvest
Subscribe
  • Finance

    Japanese Yen hangs near daily low against USD, focus remains glued to US NFP report

    December 8, 2023

    Ether (ETH) Traders Gaining Favor Over Bitcoin after Latter’s Spike to $44K

    December 6, 2023

    Apple Stock Breaks Out As Key Supplier Raises Sales Outlook

    December 5, 2023

    XRPL Labs Proposes New Atomic Multi-Asset Payments Transactor for Xahau

    December 4, 2023

    Ethereum team lead sees zero interest from university in collaborating

    December 3, 2023
  • Markets

    We Don’t Have ‘Immaculate Disinflation,’ and Markets Are Too Bullish on Rate Cuts

    December 8, 2023

    Japan trade, Q3 GDP, U.S. jobs

    December 8, 2023

    Stocks pop, tech leads as focus fixes on jobs data

    December 7, 2023

    DAX: Germany’s stock market just hit a new record high despite a faltering economy. What gives?

    December 6, 2023

    European markets set to regain positive momentum and rebound at the open – NBC Chicago

    December 6, 2023
  • Personal Finance

    What’s the average Social Security payment at ages 62, 66 and 71 — and how does your check stack up?

    December 7, 2023

    8 easy money moves to make this year for better finances in 2024

    December 6, 2023

    Utah retirement experts issue critical warning about Social Security

    December 6, 2023

    Money rules for childfree people, according to a CFP

    December 5, 2023

    If You’re Making Just $15 an Hour, You Can Still Grow Financially — Here Are 8 Expert Tips

    December 5, 2023
  • Retirement

    3 moves worth making if you’re worried about running out of money in retirement

    December 8, 2023

    12 Brilliant Money Moves Baby Boomers Are Making in Retirement

    December 8, 2023

    Elon Musk’s figh with Nordic labor intensifies as pension fund dumps Tesla shares

    December 7, 2023

    Alberta government rejects amendments to Canada Pension Plan exit legislation

    December 7, 2023

    What the rush of congressional retirements means

    December 6, 2023
  • Debt

    How does debt relief work?

    December 8, 2023

    Chinese developer Shimao trades flat after issuing plan to revamp offshore debt

    December 8, 2023

    How TikTok Drives Gen Z Women Into Debt

    December 7, 2023

    Pennymac to issue $650M in unsecured debt

    December 6, 2023

    DEBT Box urges judge to toss suit as SEC got case ‘badly wrong’

    December 6, 2023
  • Forex

    Master Direction part of Initiative for forex market risk management: Das

    December 8, 2023

    Foreign Exchange Market size to increase by USD 516.48 billion between 2023 to 2028| Increasing market liquidity to drive the market growth

    December 7, 2023

    Travelex launches more than 75 international foreign exchange services

    December 6, 2023

    Myanmar central bank to no longer set forex rates

    December 6, 2023

    FOREX-Dollar steady after key jobs data comes in below estimates

    December 5, 2023
  • Cryptocurrency

    BBVA migrates crypto custody service to Ripple-owned Metaco’s Harmonize

    December 8, 2023

    Robinhood Stock Breaks Out After Surge In Bitcoin, Cryptocurrencies

    December 7, 2023

    Ocean mining pool refutes claims of censoring certain Bitcoin transactions

    December 7, 2023

    U.S. Indexes Finish Lower after Late Reverse

    December 6, 2023

    Bitcoin is up 170% since the ECB called its ‘last gasp’ at $16.4K

    December 6, 2023
The Finvest
Home»Finance»Cathie Wood’s ARKK nears multi-month lows as investors retract $500M since its 2023 peak
Finance

Cathie Wood’s ARKK nears multi-month lows as investors retract $500M since its 2023 peak

finvestadminBy finvestadminOctober 13, 2023No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
image_1239809391.jpg
Share
Facebook Twitter LinkedIn Pinterest Email

Marco Bello/Getty Images News

As a NASDAQ Composite Index with a high proportion of high-tech stocks (COMP.IND) On Friday, Cathie Wood’s flagship ARK Innovation ETF (NYSEARCA:ARKK) has also fallen, threatening to hit a new five-month low.

On Friday, ARKK 1.9%fell to the lowest price of the day $37.68. This was close to the $37.55 level reached on October 4, the lowest level since mid-May.

ARKK continues to maintain high level 18.6% However, this innovation-focused ETF has given back the majority of its gains over the past few months.At some point, ARKK +61.2% On July 19th, it hit a 2023 trading high of $51.33.

Since that day, Mr. Wood’s flagship exchange-traded fund has fallen. 26.6%. This represents a significantly steeper decline than the Nasdaq Composite Index, which fell. 6.9% over the same period.

Meanwhile, investors have withdrawn approximately $536 million from ARKK since its July 19 high.

These movements were also primarily seen across the fund’s top five holdings, which include stocks in Tesla (TSLA), Zoom Video Communications (ZM), Roku (ROKU), Coinbase Global (COIN), and UiPath (PATH). See price action below.

  • TSLA +133.1% Since the beginning of the year -15.9% The highest peak since July 19th.
  • ZM -6.7% Since the beginning of the year -17.2% The highest peak since July 19th.
  • Roku +61.2% Since the beginning of the year -17.4% The highest peak since July 19th.
  • coin +115.9% Since the beginning of the year -35.1% The highest peak since July 19th.
  • path +26.9% Since the beginning of the year -18.2% The highest peak since July 19th.

Additionally, see the year-to-date performance of Wood’s other actively managed ETFs. With the exception of (ARKG), they have also been green since the beginning of the year. However, it has been declining since July 19th. See price changes below.

  • ARK Next Generation Internet ETF (ARKW) +39.9% Since the beginning of the year -22.6% The highest peak since July 19th.
  • ARK Autonomous Technology & Robotics ETF (ARKQ) +26.7% Since the beginning of the year -13.9% The highest peak since July 19th.
  • ARK Genome Revolution ETF (ARKG) -8.8% Since the beginning of the year -35.5% The highest peak since July 19th.
  • ARK Fintech Innovation ETF (ARKF) +32.5% Since the beginning of the year -22.3% The highest peak since July 19th.
  • ARK Space Exploration & Innovation ETF (ARKX) +9.3% Since the beginning of the year -13.4% The highest peak since July 19th.
500M ARKK Cathie Investors lows multimonth nears peak Retract Woods
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleStock market today: Wall Street is mixed as hope for stronger profits collides with worry about war
Next Article Crypto Hodlers Have Nothing to Fear from Friday the 13th
finvestadmin
  • Website

Related Posts

Japanese Yen hangs near daily low against USD, focus remains glued to US NFP report

December 8, 2023

Ether (ETH) Traders Gaining Favor Over Bitcoin after Latter’s Spike to $44K

December 6, 2023

Apple Stock Breaks Out As Key Supplier Raises Sales Outlook

December 5, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

$246,000,000,000 Added to US Debt in 13 Days As CBO Warns Fiscal Hole Could Hammer America’s Growth

July 1, 2023

Vivek Ramaswamy Proposes Zero-Base Federal Budgeting To Solve Debt Crisis

September 26, 2023

This stock will benefit as need for secure AI grows, Bank of America says

August 29, 2023

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

At The Finvest, we are passionate about providing our readers with up-to-date and accurate information on the world of finance. Our team of experienced journalists and finance experts works tirelessly to bring you the latest news, insights, and analysis on the global financial markets.

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Zimbabwe Digital Currency | World News

April 28, 2023

Zhenro Properties Makes Progress on Debt Restructuring

November 2, 2023

Zero-waste packaging market to climb to nearly $2.5 billion by 2033

October 15, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 The Finvest. All Rights Reserved
  • About Us
  • Contact Us
  • Advertise With Us
  • Privacy Policy
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

The Finvest
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.