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

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

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.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

1 min

vs 2 min read

Condensed

68%

27487 words

Want the full story? Read the original article

Read on Seeking Alpha