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.
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