Home Stock Market ARK bought an additional $ 64 million in Coinbase shares, sold $...

ARK bought an additional $ 64 million in Coinbase shares, sold $ 99.5 million in Tesla shares

© Reuters.

(Reuters) – Cathie Wood’s ARK fund bought more shares in crypto exchange Coinbase Global Inc on Friday while selling shares of electric car maker Tesla (NASDAQ :), according to the delivery summary. daily translation of the company.

ARK on Friday bought 187,078 shares of Coinbase, which launched on the Nasdaq earlier this week, for nearly $ 64 million at an intraday closing price of $ 342.

It sold 134,541 shares of Tesla, worth $ 99.5 million at the end of Friday. Tesla remains by far the largest position for the company by value across its large funds.

The funds added are the flagship ARK Innovation fund, the Next Generation Internet ETF, and the Fintech Innovation ETF.

Coinbase purchases add 341,186 shares bought on Thursday and 749,205 bought on Wednesday.

ARK sold Tesla stock from its flagship fund and its Next Generation Internet ETF.

Betting on Coinbase gives ARK more indirect exposure to crypto in addition to big bets on Tesla, the company recently invested in bitcoin and said it will accept cryptocurrency as pay for your car.

Last year, the famous fund manager Wood became famous among retail investors and attracted a steady stream of cash into his hot funds.

Disclaimer: Fusion Media wants to remind you that the data contained in this website is not necessarily real-time nor is it accurate. All CFDs (stocks, indices, futures) and forex prices are not offered by exchanges but by market makers, so the prices may be inaccurate and may differ from actual market price, which means that price is indicative only and not suitable for trading purposes. Consequently, Fusion Media accepts no liability whatsoever for any transaction losses you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments