(Bloomberg) — Since the middle of this month, Cathie Wood has sold her stake in Japanese construction equipment at Komatsu Ltd. increased almost every day.
Wood’s Ark Autonomous Technology and Robotics ETF (ARKQ) bought U.S. certificates from the excavator maker in the most trading sessions since Aug. 17, after selling some of its shares in May, according to Ark Investment Management’s daily trading data, compiled by Bloomberg.
Ark’s move to the company is accompanied by a stock drop of more than 20% from its March high so far, even as earnings upgrades continued and the US is closer to passing the $two-tier infrastructure bill. 550 billion coming. Komatsu gets about 37% of its revenue from America.
ARKQ now holds more than 2.9 million Komatsu certificates, according to Ark’s website, worth more than $70 million.
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