Legendary fund manager Cathie Wood isn’t typically associated with boring, dividend-paying companies. Known for picking up revolutionary firms such as Nvidia (NVDA), Tesla (TSLA) and Palantir (PLTR) on the cheap, Wood’s investments - captured in her ARK Innovation ETF (ARKK) - are marked by a high-risk, high-reward philosophy.
So, when the manager of billions of dollars of funds is loading up on the shares of a boring tech company that pays a reasonably high dividend yield, it is worth noting.
