ARK Invest Increases Stake in AeroVironment
ARK Invest purchased 59,171 shares of AeroVironment, Inc. (AVAV) on October 27, 2026, for approximately $7.29 million.
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Shares of drone-related companies are trading higher after President Trump announced tariffs on drone imports to curb American reliance on foreign production. The proclamation included a provision saying it is "necessary and appropriate to establish an incentive program for companies investing in new U.S. production capacity for UAS and UAS components."
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