Cathie Wood's Ark Invest bought shares of Coinbase, Circle, Bullish, and Robinhood on Thursday across three exchange-traded funds.
The firm's latest trading disclosure shows that Ark Invest purchased 9,014 Coinbase (COIN) shares across ARKK, ARKW, and ARKF ETFs, worth $1.28 million based on Thursday's closing price.
Ark also bought 9,264 shares of Circle (CRCL), worth $637,455, and 9,136 shares of Bullish (BLSH), worth $199,895. Through ARKK, the firm bought 35,023 Robinhood (HOOD) shares, valued at around $3.27 million.
Ark Invest increased its holdings on Thursday as all four stocks traded lower. Coinbase fell 5% to $142.52, Circle dropped 3% to $68.81, Robinhood slid 3.85% to $93.47, and Bullish declined 6.77% to $21.88.
The investment firm actively adjusts its ETF holdings so that no single stock exceeds 10% of a fund's portfolio. This means Ark would rebalance weightings when the value of certain assets fluctuates significantly.
