{"id":125744,"date":"2021-05-20T04:38:33","date_gmt":"2021-05-20T04:38:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=125744"},"modified":"2021-05-20T04:38:33","modified_gmt":"2021-05-20T04:38:33","slug":"cathie-woodu2019s-ark-invest-buys-over-170000-shares-of-coinbase","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/cathie-woodu2019s-ark-invest-buys-over-170000-shares-of-coinbase\/","title":{"rendered":"Cathie Wood\\u2019s ARK Invest Buys Over 170,000 Shares of Coinbase"},"content":{"rendered":"
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.\t\t\t<\/p>\n
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\u2019s 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.<\/p>\n
Check out all of ARK Invest\u2019s buys for Monday:<\/p>\n
Fund<\/th>\n | Direction<\/th>\n | Ticker<\/th>\n | Company<\/th>\n | Shares<\/th>\n<\/tr>\n<\/thead>\n |
---|---|---|---|---|
ARKF<\/td>\n | Buy<\/td>\n | KSPILI<\/td>\n | KASPI.KZ\u00a0JSC<\/td>\n | 4,253<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | SGFY<\/td>\n | SIGNIFY HEALTH INC<\/td>\n | 23,140<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | RXRX<\/td>\n | RECURSION PHARMACEUTICALS INC<\/td>\n | 80,791<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | RPTX<\/td>\n | REPARE THERAPEUTICS INC<\/td>\n | 17,863<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | ONEM<\/td>\n | 1LIFE HEALTHCARE INC<\/td>\n | 140,300<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | MASS<\/td>\n | 908 DEVICES INC<\/td>\n | 31,995<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | CSTL<\/td>\n | CASTLE BIOSCIENCES INC<\/td>\n | 15,900<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | CMIIU<\/td>\n | CM LIFE SCIENCES II INC<\/td>\n | 2,407<\/td>\n<\/tr>\n |
ARKG<\/td>\n | Buy<\/td>\n | CDXS<\/td>\n | CODEXIS INC<\/td>\n | 49,614<\/td>\n<\/tr>\n |
ARKK<\/td>\n | Buy<\/td>\n | ZM<\/td>\n | ZOOM VIDEO COMMUNICATIONS INC<\/td>\n | 1,651<\/td>\n<\/tr>\n |
ARKK<\/td>\n | Buy<\/td>\n | TSLA<\/td>\n | TESLA INC<\/td>\n | 43,065<\/td>\n<\/tr>\n |
ARKK<\/td>\n | Buy<\/td>\n | SQ<\/td>\n | SQUARE INC<\/td>\n | 192,141<\/td>\n<\/tr>\n |
ARKK<\/td>\n | Buy<\/td>\n | PLTR<\/td>\n | PALANTIR TECHNOLOGIES INC<\/td>\n | 66,857<\/td>\n<\/tr>\n |
ARKK<\/td>\n | Buy<\/td>\n | COIN<\/td>\n | COINBASE GLOBAL INC<\/td>\n | 133,848<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | Buy<\/td>\n | TSLA<\/td>\n | TESLA INC<\/td>\n | 7,966<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | Buy<\/td>\n | PATH<\/td>\n | UIPATH INC<\/td>\n | 20,500<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | Buy<\/td>\n | NIU<\/td>\n | NIU TECHNOLOGIES<\/td>\n | 72,335<\/td>\n<\/tr>\n |
ARKQ<\/td>\n | Buy<\/td>\n | ACIC<\/td>\n | ATLAS CREST INVESTMENT CORP<\/td>\n | 138,115<\/td>\n<\/tr>\n |
ARKW<\/td>\n | Buy<\/td>\n | COIN<\/td>\n | COINBASE GLOBAL INC<\/td>\n | 35,382<\/td>\n<\/tr>\n |
ARKW<\/td>\n | Buy<\/td>\n | SQ<\/td>\n | SQUARE INC<\/td>\n | 51,959<\/td>\n<\/tr>\n |
ARKW<\/td>\n | Buy<\/td>\n | TSLA<\/td>\n | TESLA INC<\/td>\n | 18,477<\/td>\n<\/tr>\n |
ARKX<\/td>\n | Buy<\/td>\n | BLDE<\/td>\n | BLADE AIR MOBILITY INC<\/td>\n | 53,797<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 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.<\/p>\n |