By Lance Tupper and Noel Randewich
(Reuters) - Shares of star investor Cathie Wood's ARK Space Exploration & Innovation ETF failed to lift off on Tuesday in their Wall Street debut.
Ark Investment Management's latest exchange traded fund focuses on companies related to orbital and sub-orbital space, enabling technologies, and also those that stand to benefit from aerospace activities, according to its prospectus. Its shares were last down 0.9%.
The actively managed fund's top holding is software maker Trimble Inc, followed by 3D Printing ETF and Kratos Defense (NASDAQ:KTOS) and Security Solutions Inc.
JD (NASDAQ:JD).com, Lockheed Martin Corp (NYSE:LMT), Nvidia (NASDAQ:NVDA), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) and Boeing (NYSE:BA) are also among the fund's 38 holdings.
Wood's flagship $22 billion Ark Innovation fund is popular with retail investors after more than doubling in the past 12 months, with top holdings including Tesla (NASDAQ:TSLA) and Square.
The Ark Innovation fund was up 2.7% on Tuesday, but it remains down 8% so far in 2021, hit by a shift by investors toward companies viewed as likely to benefit the most from a recovering economy in the wake of the coronavirus pandemic.
Other ETFs run by Ark Investment Management focus on genomics, autonomous cars and financial technology.