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Cathie Wood’s ARK Funds: ETFs Worth Putting On Your Watch List

By Investing.com (Tezcan Gecgil/Investing.com )ETFsMar 25, 2021 05:18AM ET
www.investing.com/analysis/cathie-woods-ark-funds-etfs-worth-putting-on-your-watch-list-200569288
Cathie Wood’s ARK Funds: ETFs Worth Putting On Your Watch List
By Investing.com (Tezcan Gecgil/Investing.com )   |  Mar 25, 2021 05:18AM ET
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Exchange traded funds (ETFs) led by Cathie Wood, CEO and chief investment officer of ARK Investment Management, have been in the spotlight thanks to their stellar performance over the past year. The company currently has five actively-managed funds and two index funds. They each focus on a theme that is likely to be part of the growth story in equities in the new decade.

We recently covered several of those funds, including:

  • ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ) — up 165% in 12 months and up 8% year-to-date (YTD) (covered here);
  • ARK Fintech Innovation ETF (NYSE:ARKF) — up 161% in 12 months and up 3% YTD (covered here);
  • ARK Genomic Revolution ETF (NYSE:ARKG) — up 193% in 12 months but down 6% YTD (covered here);
  • ARK Innovation ETF (NYSE:ARKK) — up 183% in 12 months but down 4% YTD (covered here);
  • ARK Israel Innovative Technology ETF (NYSE:IZRL) — up 88% in 12 months and up 7% YTD (covered here).

Upon closer inspection, it's clear that these funds have come under pressure in recent days, potentially offering interested buy-and-hold investors better entry points. We believe many of the names held in these five funds are likely to see new highs in the coming quarters.

However, as we approach another earnings season, many darlings of Wall Street will be volatile. Therefore, there could be further profit-taking in these names.

Today, we'll discuss the remaining two funds in the group we haven't yet covered.

1. ARK Next Generation Internet ETF

  • Current Price: $142.59
  • 52-Week Range: $47.59 - $191.13
  • Expense Ratio: 0.79% per year

The ARK Next Generation Internet ETF (NYSE:ARKW), an actively-managed fund, invests in global companies that are expected to lead the next generation on the Internet. These potentially innovative and disruptive names focus on artificial intelligence (AI), the Internet of Things (IoT), transformation into the cloud, big data analytics, blockchain, cryptocurrencies, e-commerce and social platforms.

ARKW Weekly
ARKW Weekly

ARKW, which currently invests in 52 companies, started trading in September 2014. The top 10 names comprise more than 40% of net assets of almost $5.3 billion.

Tesla (NASDAQ:TSLA) has the highest weighting with 10.62%. Next in line are Square (NYSE:SQ), Bitcoin Investment Trust (OTC:GBTC), Teladoc Health (NYSE:TDOC) and Shopify (NYSE:SHOP).

Since the start of 2021, ARKW has returned about 1%. However, over the past 12 months, it is up 185% and hit a record high in mid-February. For those readers who also pay attention to technical charts, a fall toward the $135 level is possible in the coming weeks. Yet, any such decline would improve the margin of safety for long-term investors.

The past year has shown that disruptive technological changes are unfolding fast in our daily lives, and the fund is likely to capture the growth in a diverse range of names that could continue to be part of that revolution.

2. The 3D Printing ETF

  • Current Price: $36.69
  • 52-Week Range: $15.22 - $50.37
  • Expense Ratio: 0.66% per year

The 3D Printing ETF (NYSE:PRNT) invests in firms involved in the 3D printing industry worldwide. Products or services offered by these companies include 3D-related hardware, software and scanning, as well printing centers.

PRNT Weekly
PRNT Weekly

Recent metrics highlight:

“The global 3D printing market size was valued at USD$11.58 billion in 2019 and is expected to expand at a CAGR exceeding 14% from 2020 to 2027. Globally, 1.42 million units of 3D printers were shipped in 2018 and this number is expected to reach 8.04 million units by 2027.”

PRNT, which currently has 49 holdings, tracks the returns of the Total 3D-Printing Index. The fund began trading in July 2016, and assets under management stand at $132 million, making it much smaller than ARKW.

Around half of the assets are invested in the leading 10 stocks. Among the top names are The ExOne Company (NASDAQ:XONE), HP Inc (NYSE:HPQ), Straumann (OTC:SAUHY), Microsoft (NASDAQ:MSFT) and Dassault Systemes (OTC:DASTY).

YTD, the fund is up 19%, and over the past 52 weeks, it has returned 138%. PRNT hit a record high of $50.37 in early February.

In the case of further profit taking, the fund is likely to find support around $35. Potential investors could regard any further decline as a good opportunity to invest in PRNT. We believe 3D printing will increasingly play a crucial role in a range of industries, like aerospace, automotive, construction, energy and health care.

Cathie Wood’s ARK Funds: ETFs Worth Putting On Your Watch List
 

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Cathie Wood’s ARK Funds: ETFs Worth Putting On Your Watch List

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Comments (20)
Tokyo Tiger
Tokyo Tiger Mar 26, 2021 9:26AM ET
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dum
Luqman Firdaus
Luqman Firdaus Mar 25, 2021 4:28PM ET
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yes
Luqman Firdaus
Luqman Firdaus Mar 25, 2021 4:27PM ET
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ok money $ 78.000.000
Anant Phichitsingh
Anant Phichitsingh Mar 25, 2021 4:01PM ET
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bcause hes betting on himself for achievments
Anant Phichitsingh
Anant Phichitsingh Mar 25, 2021 3:59PM ET
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musk is a gambler ...watch...his bet is good
ZS Beck
ZS Beck Mar 25, 2021 2:58PM ET
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The only thing that is missing in her ETFIs Dodge coin. She owns all the most volatile stocks.I can lose 20% on my own. No help is needed.
ZS Beck
ZS Beck Mar 25, 2021 2:56PM ET
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Fantastic, if I had put money into that ETF this year, I would have lost 20%.Fantastic advice.She buys on the dip and the stock keep going down.
Invest Right
Invest Right Mar 25, 2021 2:56PM ET
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Making the same mistake repeatedly and expecting a different result. Isn't that the definition of insanity?
Edoardo Schieppati
Edoardo Schieppati Mar 25, 2021 1:12PM ET
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They put the price target of Tesla at 3k they are a joke got lucky in the past year ...
Longterm Investor
Longterm Investor Mar 25, 2021 1:00PM ET
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Fantastic time to buy Cathie Woods Funds.
Louis Moore Bacon
Louis Moore Bacon Mar 25, 2021 12:03PM ET
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Her funds could all ******up in the next 6 months...
Kim Un
KimJonUnMissiles Mar 25, 2021 12:02PM ET
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How Did Cathie Wood get famous?  Ark  or Arkansas,  Did she sleep with Billy  Bob Clinton or did a 3 sum with Hillary and Billy Bob?
Invest Right
Invest Right Mar 25, 2021 9:56AM ET
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Anyone can make money in a bull market and that's what she did. But hey, let's buy the same over-hyped and over-valued stocks again and again because things always stay the same, right? The lady's out of her mind and will lead naive retailers to financial ruin.
Rob Fordham
Rob Fordham Mar 25, 2021 9:56AM ET
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Time will tell she may be a great long term and this is just a short term blip. Its not like the companies she invest in are going to stop innovating
Tokyo Tiger
Tokyo Tiger Mar 25, 2021 9:13AM ET
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haha, dum
guillaume blondel
guillaume blondel Mar 25, 2021 8:29AM ET
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PM Coffee
PM_Coffee Mar 25, 2021 8:04AM ET
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Never trust a fund manager that acts like a retail trader.
Leon Kelly
Leon Kelly Mar 25, 2021 7:15AM ET
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Her average down buys on TSLA will make her or break her legacy
seyed hadi hoseini
seyed hadi hoseini Mar 25, 2021 7:06AM ET
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Luqman Firdaus
Luqman Firdaus Mar 25, 2021 5:33AM ET
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ok money GBP 76.000
Jhoan Paciete
Jhoan Paciete Mar 25, 2021 5:27AM ET
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how
Jhoan Paciete
Jhoan Paciete Mar 25, 2021 5:27AM ET
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