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

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:

FundTickerNameShares
ARKFPATHUIPATH99,460
ARKFCOINCOINBASE GLOBAL29,357
ARKFHOODROBINHOOD MARKETS61,263
ARKGBEAMBEAM THERAPEUTICS43,400
ARKGPSNLPERSONALIS92,253
ARKGSLGCSOMALOGIC284,700
ARKKZMZOOM VIDEO COMMUNICATIONS54,479
ARKKSGFYSIGNIFY HEALTH202,238
ARKKROKUROKU43,679
ARKKPDPAGERDUTY90,130
ARKKPATHUIPATH286,110
ARKKNVTAINVITAE340,808
ARKKCOINCOINBASE GLOBAL66,894
ARKKHOODROBINHOOD MARKETS342,757
ARKKDNAGINKGO BIOWORKS589,921
ARKQKTOSKRATOS DEFENSE & SECURITY SOLUTIONS79,891
ARKQMKFGMARKFORGED147,987
ARKWZZILLOW3,543
ARKWVUZIVUZIX198,058
ARKXACHRARCHER AVIATION194,858
ARKXBLDEBLADE AIR MOBILITY37,022
ARKXPATHUIPATH21,441

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

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