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), 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.
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