During periods of increased market volatility, Ark Invest has once again taken action. According to the latest disclosures, the fund management company made significant adjustments to its investment portfolio on December 3rd, executing a series of buy operations across multiple ETFs.
The most notable is the continued increase in holdings of Coinbase (COIN stock). This Tuesday, Ark Innovation ETF (ARKK) added 28,315 shares of COIN in a single day, with an investment amount of approximately $7.5 million. This marks the second time Ark Invest has increased its position within a week — as early as November 26th, the company had purchased a total of $16.5 million worth of COIN stock across three funds including ARKK and ARKW.
The sustained buying activity reflects the optimistic outlook of Cathie Wood’s investment team towards COIN stock. As of December 3rd, COIN’s position in the ARKK fund has risen to the second-largest holding, accounting for 5.6% of the portfolio, with a total value of approximately $409.6 million, second only to Tesla’s $900.2 million holding.
In addition to COIN stock, Ark Invest also increased holdings in other assets during the same period. The ARKK fund bought 42,434 shares of Bullish, with an investment of about $1.8 million, which rose by 5% on the day. Furthermore, Ark Next Generation Internet ETF (ARKW) added 1,951 shares of Robinhood, with an investment scale of approximately $245,000.
From this series of operations, it appears that Ark Invest did not choose to wait during the market rebound after a decline but instead adjusted the fund’s weight through continuous accumulation. This proactive strategy is particularly noteworthy during market fluctuations.
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Ark Invest continues to increase its holdings, with COIN stock becoming the second-largest holding in the ARKK fund
During periods of increased market volatility, Ark Invest has once again taken action. According to the latest disclosures, the fund management company made significant adjustments to its investment portfolio on December 3rd, executing a series of buy operations across multiple ETFs.
The most notable is the continued increase in holdings of Coinbase (COIN stock). This Tuesday, Ark Innovation ETF (ARKK) added 28,315 shares of COIN in a single day, with an investment amount of approximately $7.5 million. This marks the second time Ark Invest has increased its position within a week — as early as November 26th, the company had purchased a total of $16.5 million worth of COIN stock across three funds including ARKK and ARKW.
The sustained buying activity reflects the optimistic outlook of Cathie Wood’s investment team towards COIN stock. As of December 3rd, COIN’s position in the ARKK fund has risen to the second-largest holding, accounting for 5.6% of the portfolio, with a total value of approximately $409.6 million, second only to Tesla’s $900.2 million holding.
In addition to COIN stock, Ark Invest also increased holdings in other assets during the same period. The ARKK fund bought 42,434 shares of Bullish, with an investment of about $1.8 million, which rose by 5% on the day. Furthermore, Ark Next Generation Internet ETF (ARKW) added 1,951 shares of Robinhood, with an investment scale of approximately $245,000.
From this series of operations, it appears that Ark Invest did not choose to wait during the market rebound after a decline but instead adjusted the fund’s weight through continuous accumulation. This proactive strategy is particularly noteworthy during market fluctuations.