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2021-04-28
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Cathie Wood Sells Another $35.7M Worth Of Square Stock And Loads Up $25.8M In Coinbase
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It is ARKF’s largest holding representing a 10.9% weight of the ETF, not accounting for Tuesday's trade. ARKF held a total of 1.81 million shares worth about $464.24 million, as of Tuesday morning.</p>\n<p>Square is ARKW’s third-largest holding behind<b>Tesla Inc</b>(NASDAQ:TSLA) and<b>Grayscale Bitcoin Trust</b>(OTC:GBTC). ARKW held a total of 1.34 million shares, worth about $343.84 million, as of Tuesday.</p>\n<p>Shares of Square last closed 0.77% lower at $253.79.</p>\n<p>The investment fund snapped up 85,411 shares of the cryptocurrency exchange<b>Coinbase Global Inc</b>(NASDAQ:COIN) worth about $25.8 million on the stock’s Tuesday’s close via its ARKW ETF.</p>\n<p>Shares of the company closed 0.83% lower at $302 on Tuesday, giving the cryptocurrency exchange a market valuation of $60.16 billion.</p>\n<p>Coinbase’s market cap has slipped from the highs of $85.8 billion on its blockbuster listing earlier this month.</p>\n<p>Coinbase stood at the fifteenth position among a total of 54 other stocks in the ARKW portfolio, which holds a total of 508,321 shares of the cryptocurrency exchange worth about $154.8 million, representing 2.2% of the ETF’s weight.</p>\n<p>Other Ark Buys On Tuesday:</p>\n<ul>\n <li><b>Meituan</b>(OTC:MPNGY)</li>\n <li><b>JD.com Inc</b>(NASDAQ:JD)</li>\n <li><b>Shopify Inc</b>(NYSE:SHOP)</li>\n <li><b>Zymergen Inc</b>(NASDAQ:ZY)</li>\n <li><b>Recursion Pharmaceuticals</b>(NASDAQ:RXRX)</li>\n <li><b>908 Devices</b>(NASDAQ:MASS)</li>\n <li><b>CM Life Sciences Inc</b>(NASDAQ:CMLF)</li>\n <li><b>Ionis Pharmaceuticals Inc</b>(NASDAQ:IONS)</li>\n <li><b>TuSimple Holdings</b>(NASDAQ:TSP)</li>\n <li><b>UiPath Inc</b>(NYSE:PATH)</li>\n <li><b>Jaws Spitfire Acquisition</b>(NYSE:SPFR)</li>\n <li><b>Tencent Holdings</b>(OTC:TCEHY)</li>\n <li><b>Pinduodu Inc</b>(NASDAQ:PDD)</li>\n <li><b>Iridium Communications</b>(NASDAQ:IRDM)</li>\n</ul>\n<p>Other Ark Sells On Tuesday:</p>\n<ul>\n <li><b>Intercontinental Exchange</b>(NYSE:ICE)</li>\n <li><b>SyrosPharmaceuticals</b>(NASDAQ:SYRS)</li>\n <li><b>Phreesia</b>(NYSE:PHR)</li>\n <li><b>Pluristem Therapeutics</b>(NASDAQ:PSTI)</li>\n <li><b>PACCAR</b>(NASDAQ:PCAR)</li>\n <li><b>Nvidia</b>(NASDAQ:NVDA)</li>\n <li><b>Facebook Inc</b>(NASDAQ:FB)</li>\n <li><b>Atlassian Corp</b>(NASDAQ:TEAM)</li>\n <li><b>Adobe Inc</b>(NASDAQ:ADBE)</li>\n <li><b>Synopsys Inc</b>(NASDAQ:SNPS)</li>\n <li><b>Roku Inc</b>(NASDAQ:ROKU)</li>\n <li><b>Adyen NV</b>(OTC:ADYEY)</li>\n <li><b>Hubspot Inc</b>(NYSE:HUBS)</li>\n <li><b>Teradyne Inc</b>(NASDAQ:TER)</li>\n <li><b>Pure Storage Inc</b>(NYSE:PSTG)</li>\n <li><b>Xilinx Inc</b>(NASDAQ:XLNX)</li>\n <li><b>Silvergate Capital</b>(NYSE:SI)</li>\n <li><b>Agora Inc</b>(NASDAQ:API)</li>\n <li><b>LendingTree Inc</b>(NASDAQ:TREE)</li>\n</ul>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Sells Another $35.7M Worth Of Square Stock And Loads Up $25.8M In Coinbase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 11:29 GMT+8 <a href=https://www.benzinga.com/markets/cryptocurrency/21/04/20828326/cathie-wood-sells-35-7m-more-worth-of-square-stock-and-loads-up-25-8-m-in-coinbase><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led Ark Investment Management sold another 140,682 shares of the payments companySquare Inc(NYSE:SQ), estimated to be worth $35.7 million as of Tuesday's close, as it looks to rebalance ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/04/20828326/cathie-wood-sells-35-7m-more-worth-of-square-stock-and-loads-up-25-8-m-in-coinbase\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","SQ":"Block"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/04/20828326/cathie-wood-sells-35-7m-more-worth-of-square-stock-and-loads-up-25-8-m-in-coinbase","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112683994","content_text":"Cathie Wood-led Ark Investment Management sold another 140,682 shares of the payments companySquare Inc(NYSE:SQ), estimated to be worth $35.7 million as of Tuesday's close, as it looks to rebalance its portfolio.\nThe investment firm’sArk Fintech Innovation ETF(NYSE:ARKF) sold 110,682 SQ shares and theArkNext Generation Internet ETF(NYSE:ARKW) sold 30,000.\nThe hedge fund counts Square among its top five holdings. It is ARKF’s largest holding representing a 10.9% weight of the ETF, not accounting for Tuesday's trade. ARKF held a total of 1.81 million shares worth about $464.24 million, as of Tuesday morning.\nSquare is ARKW’s third-largest holding behindTesla Inc(NASDAQ:TSLA) andGrayscale Bitcoin Trust(OTC:GBTC). ARKW held a total of 1.34 million shares, worth about $343.84 million, as of Tuesday.\nShares of Square last closed 0.77% lower at $253.79.\nThe investment fund snapped up 85,411 shares of the cryptocurrency exchangeCoinbase Global Inc(NASDAQ:COIN) worth about $25.8 million on the stock’s Tuesday’s close via its ARKW ETF.\nShares of the company closed 0.83% lower at $302 on Tuesday, giving the cryptocurrency exchange a market valuation of $60.16 billion.\nCoinbase’s market cap has slipped from the highs of $85.8 billion on its blockbuster listing earlier this month.\nCoinbase stood at the fifteenth position among a total of 54 other stocks in the ARKW portfolio, which holds a total of 508,321 shares of the cryptocurrency exchange worth about $154.8 million, representing 2.2% of the ETF’s weight.\nOther Ark Buys On Tuesday:\n\nMeituan(OTC:MPNGY)\nJD.com Inc(NASDAQ:JD)\nShopify Inc(NYSE:SHOP)\nZymergen Inc(NASDAQ:ZY)\nRecursion Pharmaceuticals(NASDAQ:RXRX)\n908 Devices(NASDAQ:MASS)\nCM Life Sciences Inc(NASDAQ:CMLF)\nIonis Pharmaceuticals Inc(NASDAQ:IONS)\nTuSimple Holdings(NASDAQ:TSP)\nUiPath Inc(NYSE:PATH)\nJaws Spitfire Acquisition(NYSE:SPFR)\nTencent Holdings(OTC:TCEHY)\nPinduodu Inc(NASDAQ:PDD)\nIridium Communications(NASDAQ:IRDM)\n\nOther Ark Sells On Tuesday:\n\nIntercontinental Exchange(NYSE:ICE)\nSyrosPharmaceuticals(NASDAQ:SYRS)\nPhreesia(NYSE:PHR)\nPluristem Therapeutics(NASDAQ:PSTI)\nPACCAR(NASDAQ:PCAR)\nNvidia(NASDAQ:NVDA)\nFacebook Inc(NASDAQ:FB)\nAtlassian Corp(NASDAQ:TEAM)\nAdobe Inc(NASDAQ:ADBE)\nSynopsys Inc(NASDAQ:SNPS)\nRoku Inc(NASDAQ:ROKU)\nAdyen NV(OTC:ADYEY)\nHubspot Inc(NYSE:HUBS)\nTeradyne Inc(NASDAQ:TER)\nPure Storage Inc(NYSE:PSTG)\nXilinx Inc(NASDAQ:XLNX)\nSilvergate Capital(NYSE:SI)\nAgora Inc(NASDAQ:API)\nLendingTree Inc(NASDAQ:TREE)","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/100382007"}
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