Cathie Wood’s ARK Invest Buys Over 95,000 Shares of Coinbase
A couple of Cathie Wood's Ark Invest exchange-traded funds bought over 95,000 shares of Coinbase on September 20.
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A couple of the ARK exchange-traded funds run by ETF star Cathie Wood made huge purchases on Monday. These funds bought over 95,000 shares of Coinbase Global Inc. (NASDAQ: COIN | COIN Price Prediction), as the share prices of these ETFs dropped over 3% on Monday. Note that these ETFs are still up handily in the last year.
ARK Innovation ETF (NYSEARCA: ARKK) bought 66,894 shares of Coinbase, while ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 29,357 shares. At Monday’s closing prices, this would have valued these purchases at $9.27 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation ETF is up 36% and the fintech ETF is up 31% in the past year.
Check out all of ARK Invest’s buys for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PATH | UIPATH | 99,460 |
| ARKF | COIN | COINBASE GLOBAL | 29,357 |
| ARKF | HOOD | ROBINHOOD MARKETS | 61,263 |
| ARKG | BEAM | BEAM THERAPEUTICS | 43,400 |
| ARKG | PSNL | PERSONALIS | 92,253 |
| ARKG | SLGC | SOMALOGIC | 284,700 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS | 54,479 |
| ARKK | SGFY | SIGNIFY HEALTH | 202,238 |
| ARKK | ROKU | ROKU | 43,679 |
| ARKK | PD | PAGERDUTY | 90,130 |
| ARKK | PATH | UIPATH | 286,110 |
| ARKK | NVTA | INVITAE | 340,808 |
| ARKK | COIN | COINBASE GLOBAL | 66,894 |
| ARKK | HOOD | ROBINHOOD MARKETS | 342,757 |
| ARKK | DNA | GINKGO BIOWORKS | 589,921 |
| ARKQ | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 79,891 |
| ARKQ | MKFG | MARKFORGED | 147,987 |
| ARKW | Z | ZILLOW | 3,543 |
| ARKW | VUZI | VUZIX | 198,058 |
| ARKX | ACHR | ARCHER AVIATION | 194,858 |
| ARKX | BLDE | BLADE AIR MOBILITY | 37,022 |
| ARKX | PATH | UIPATH | 21,441 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
