Ark Invest sold $90.58 million in Coinbase shares while reducing its holdings in Robinhood and Block
Online reports, The Block reported that Cathie Wood's investment company Ark Invest sold 218,986 shares of Coinbase(COIN) stock worth $90.58 million through its three ETF funds on Monday. On the same day, Ark also reduced its holdings of Robinhood shares worth $11.46 million and Block shares worth $7 million. Ark adopts an investment strategy that limits individual stock holdings to no more than 10% of the fund's portfolio to maintain diversification.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
