Cathie Wood Watch: Ark Gets Back into Intuit

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has slumped 41% over the past year, but has rebounded 27% so far this year. Cathie Wood, chief executive of Ark Investment Management, traded a few big names Tuesday, including one that she hadn’t touched since January. That was Intuit (INTU) – Get Free Report, the accounting and tax software company. Ark Fintech Innovation ETF (ARKF) – Get Free Report bought 32,187 shares of Intuit, valued at $13.6 million as of Tuesday’s close. The stock has climbed 8% so far this year amid strong earnings, though it has slumped 11% over the last 12 months DON’T…

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