This Big Fund Manager Is Betting On Nintendo In The Video Game Console Wars
One of the big trends in the gaming world is the highly anticipated launches of new consoles from Microsoft Corporation (NASDAQ: MSFT) and Sony Corporation (NYSE: SNE). Investors won’t find either of those stocks in the Ark Innovation ETF (NYSE: ARKK), as manager Cathie Wood has opted to add shares of another classic instead.
What Happened: Wood has been buying shares of Nintendo Co. (Pink: NTDOY) dating back to October.
The ETF manager added more shares of Nintendo in all five trading days last week, buying nearly 671,000 shares of Nintendo. The gaming company …