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Cathie Wood Launches New ETF; Adds Broadcom, Cloudflare

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ARK Invest found a buyer for a new ETF it launched on Wednesday: itself. The ARK Innovation ETF (ARKK), the flagship fund from Cathie Wood’s firm, bought 1 million shares of its new autocallable ETF. ARK Invest launched the ARK Autocallable Income ETF (ARKY) on Wednesday. The new fund tracks stocks held in other ARK Invest ETFs and aims to…

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