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Benzinga
Benzinga
Business
Adam Eckert

Why Morningstar Is Downgrading Cathie Wood's ARK Innovation ETF To Negative

ARK Innovation ETF (NYSE:ARKK) shares ended Friday's session higher, despite being downgraded by Morningstar on risk management concerns.

Morningstar analyst Robby Greengold cut his rating on Cathie Wood's flagship fund from Neutral to Negative. 

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