Cathie Wood's Ark Invest purchased additional shares of Coinbase, Circle, Bullish, and Robinhood on Monday across three exchange-traded funds amid a stock rally.
Ark's trading disclosure for Monday shows the company bought 45,164 Coinbase (COIN) shares across its ARKK, ARKW, and ARKF ETFs, worth $6.85 million at the day's closing price.
The firm also scooped up 81,757 shares of Circle Internet Group (CRCL), worth $6.21 million, and 149,422 shares in crypto exchange Bullish (BLSH), worth $3.54 million. Ark expanded its Robinhood (HOOD) holdings by 2,943 shares, valued at around $299,685.
All four stocks traded higher on Monday. Coinbase closed up 1.74% at $151.65, Circle added 3.25% to $75.96, while Bullish climbed 1.72% to $23.69. Robinhood's stock rose 3.18% to $101.83. The S&P 500 Index, Dow Jones Index, and the Nasdaq Composite all rose yesterday.
Ark Invest actively adjusts its ETF holdings to ensure no single stock exceeds 10% of any fund's portfolio, meaning that it rebalances weightings during periods of significant asset price fluctuations.
