"Cathie Wood's ARK Capital Management Seizes Buying Opportunities in Block and Coinbase Dips"

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Source: Seeking Alpha
"Cathie Wood's ARK Capital Management Seizes Buying Opportunities in Block and Coinbase Dips"
Photo: Seeking Alpha
TL;DR

Cathie Wood's Ark Invest purchased over 300K shares of Block, Inc (SQ) and over 250K shares of Coinbase Global (COIN) across three of her actively managed ETFs, even as both stocks suffered double-digit declines. SQ is listed as ARKK’s eighth largest holding, while COIN is the fund's fourth largest position. In ARKW, SQ is listed as the fund’s fifth largest portfolio stake, and COIN represents the ETF's number one holding. ARKF lists COIN as its second most significant position and SQ as the ETF’s third heaviest weighting.

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