Cathie Wood Continues To Load Up On Blade Air Mobility Stock

Closely-followed investor Cathie Wood’s investment management firm Ark Invest snapped up more shares in $Blade Air Mobility(BLDE.US)$ , a provider of luxury on-demand private helicopter and seaplane services, on Tuesday.

The St. Petersburg, Florida-based Ark Invest picked up 11,926 shares — estimated to be worth $98,270 — in Blade Air, a company that went public last year via a blank-check acquisition.

Ark Invest bought shares in the company via the $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ Ark Invest bought shares in the company via the $ARK Space Exploration & Innovation ETF(ARKX.US)$ The two ETFs held 7.9 million shares — worth about $65.2 million — in Blade Air ahead of Tuesday’s trades.

Ark Invest also owns shares in $Joby Aviation(JOBY.US)$ , a stock in which it has far less exposure. The Californian venture-backed Joby Aviation is developing an electric vertical takeoff and landing aircraft that it aims to run as an air taxi service.

Wood's firm on Monday further trimmed its position in $Tesla(TSLA.US)$ , while piling up shares in rival Chinese electric-vehicle maker $XPeng(XPEV.US)$