Funds associated with Cathie Wood’s ARK Investment continued to cull shares of Coinbase and Tesla on Monday, according to recent trade disclosures.
Funds associated with Cathie Wood’s ARK Investment continued to cull shares of Coinbase Global Inc. and Tesla Inc. on Monday, according to recent trade disclosures.
Those were worth $26.3 million based on Coinbase’s Monday closing price of $105.55, and the sales follow ARK’s move to dump about $50 million in Coinbase’s stock Friday. Two ARK funds bought a combined $790 million in Robinhood Markets Inc.’s stock HOOD, +0.89%, with the fintech fund scooping up 25,641 shares and the Next Generation Internet ETF buying 37,630 shares. ARK added 4,608 shares of SoFi Technologies Inc. SOFI, +4.41% to the fintech fund, worth $43,683 based on Monday’s close.
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