Cathie Wood's ARK Invest Buys Over 95,000 Shares of Coinbase

Investing

Published: September 21, 2021 8:45 am

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 a673b.bigscoots-temp.com.

ALSO READ: Blue Chip Defense Leader Among 4 Top Stocks With Dividend Hikes Expected This Week

The Average American Is Losing Momentum on Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%* today. Checking accounts are even worse.

But there is good news. To win qualified customers, some accounts are paying nearly 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

^*https://www.fdic.gov/national-rates-and-rate-caps