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ARK Invest launched it's first ETF in two years on Tuesday. ARK Space Exploration, which will trade under $ARKX top two holdings are Trimble and another Ark fund called the 3D Printing ETF $PRNT with weights of 8.6% and 6%. Other large stakes include Kratos Defense and Security Solutions $KTOS, L3Harris Technologies $LHC and JD.com $JD.

Space sateliite

Cathie Wood’s Ark Investment Management launched its first new exchange-traded fund in two years on Tuesday, a key test of the money manager’s standing after a choppy few months of both flows and performance. The actively managed ARK Space Exploration ETF (ticker ARKX) tracks U.S. and global companies engaged in space exploration and innovation.

ARK Space Exploration and Innovation

  • Started trading on Tuesday March 30, 2021
  • Under the ticker ARKX.

The actively managed ARK Space Exploration ETF (ticker ARKX) tracks U.S. and global companies engaged in space exploration and innovation. The fund aims to invest at least 80% of its assets in the space industry.A blend of mature more conservative aerospace, defence and satellite businesses such as end Boeing and Airbus and those at the speculative end such as Virgin Galactic. Oher investments include its second largest position, ARK’s very own 3D printing ETF, video streaming platform Netflix, agricultural machinery maker John Deere. Think of GPS, the internet and artificial intelligence Here are the fund’s announced holdings:

ARK Space Stocks

ARKX Debut

Over $60 million worth of shares changed hands as of 9:45 a.m. in New York.

Ark Fund Success

ARK Funds Performance 3 30 21

Ark Innovation ETF (ARKK)

The new ETF comes rights as the flagship Ark Innovation ETF (ARKK) has seen investor exits for five days running with the NASDAQ sell off since rates have risen in the US triggering a cycling of out of tech into more cyclical stocks. This is the longest stretch of consecutive outflows since the fund started in 2014.

ARKK W 2021 03 26 2021

From the prospectus:

The Adviser believes that Space Exploration related companies can be grouped into four overarching categories, each of which contains relevant sub-elements. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations.  These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. For example, 3D printing companies create value-add for space and aerospace exploration related companies by accelerating innovation thanks to low-costs and rapid prototyping, and by lowering the weight of low volume, highly complex parts.

 

Who is ARK

ARK was founded in 2014 by veteran fund manager Cathie Wood and has over $30bn of assets under management. With the tech sell off in February ARK funds have sold off and depending on your view the funds are a pin-up for growth investing or a posterchild of market greed. Cathie Wood has grabbed headlines with ARK’s $3,000 price target for Tesla shares and her positive view on Bitcoin. 

Source: Bloombrg, FT, Ark Invest

From The TradersCommunity Research

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