Ark Funds CEO and Founder Cathie Wood joined Benzinga’s “Raz Report” last week and discussed the history of Ark Funds. Wood also shared some of the reasons why Ark Funds owns several positions.
Wood on Nano Dimension: Several of the Ark Funds ETFs hold positions in Nano Dimension NNDM.
“Originally it used to call itself a 3D printed circuit board company,” Wood said.
Now, Nano Dimension has broadened the view of itself into a 3D-printed-technology device company, she said.
One of the important things about the Nano Dimension story is their contracts they are winning from defense agencies.
“We always look for where the defense is putting their money,” Wood said.
See also: Best Nano Cap Stocks Right Now
Wood said she is very impressed with new management at Nano Dimension and points out that the founder is still very involved.
Ark Funds: The Ark Next Generation Internet ETF ARKW owns over 5.8 million shares of Nano Dimension worth $45.8 million.
The Ark Autonomous Technology & Robotics ETF ARKQ owns over 7.1 million shares of Nano Dimension worth $55.4 million.
Nano Dimension represents 0.6% and 1.6% of ARKW and ARKQ respectively.
Related Link: 15 Big Ideas In Disruptive Innovation According To Cathie Wood’s Ark Funds
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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