A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Wednesday. Accordingly these funds bought over 170,000 shares of Coinbase Global, Inc. (NASDAQ: COIN) shares on Wednesday, as the price of these ETFs dropped over 1% on Wednesday. Note that these ETFs are still up handily in the last year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 133,848 shares of Coinbase, while ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 36,382 shares. At Wednesday’s closing price this would have valued this purchase at $38.3 million. Even though this is a small fraction of the total holdings, every little bit counts. ARKK is up 75%, and ARKW is up 77% in the last year.
Check out all of ARK Invest’s buys for Monday:
| Fund | Direction | Ticker | Company | Shares |
|---|---|---|---|---|
| ARKF | Buy | KSPILI | KASPI.KZ JSC | 4,253 |
| ARKG | Buy | SGFY | SIGNIFY HEALTH INC | 23,140 |
| ARKG | Buy | RXRX | RECURSION PHARMACEUTICALS INC | 80,791 |
| ARKG | Buy | RPTX | REPARE THERAPEUTICS INC | 17,863 |
| ARKG | Buy | ONEM | 1LIFE HEALTHCARE INC | 140,300 |
| ARKG | Buy | MASS | 908 DEVICES INC | 31,995 |
| ARKG | Buy | CSTL | CASTLE BIOSCIENCES INC | 15,900 |
| ARKG | Buy | CMIIU | CM LIFE SCIENCES II INC | 2,407 |
| ARKG | Buy | CDXS | CODEXIS INC | 49,614 |
| ARKK | Buy | ZM | ZOOM VIDEO COMMUNICATIONS INC | 1,651 |
| ARKK | Buy | TSLA | TESLA INC | 43,065 |
| ARKK | Buy | SQ | SQUARE INC | 192,141 |
| ARKK | Buy | PLTR | PALANTIR TECHNOLOGIES INC | 66,857 |
| ARKK | Buy | COIN | COINBASE GLOBAL INC | 133,848 |
| ARKQ | Buy | TSLA | TESLA INC | 7,966 |
| ARKQ | Buy | PATH | UIPATH INC | 20,500 |
| ARKQ | Buy | NIU | NIU TECHNOLOGIES | 72,335 |
| ARKQ | Buy | ACIC | ATLAS CREST INVESTMENT CORP | 138,115 |
| ARKW | Buy | COIN | COINBASE GLOBAL INC | 35,382 |
| ARKW | Buy | SQ | SQUARE INC | 51,959 |
| ARKW | Buy | TSLA | TESLA INC | 18,477 |
| ARKX | Buy | BLDE | BLADE AIR MOBILITY INC | 53,797 |
Catherine Wood, the CEO and CIO of ARK Investment Management LLC is a minority and non-voting shareholder of 24/7 Wall St., LLC, owner of 247wallst.com.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
