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Ark Invest bought Block shares for the second time in a week

by Vaibhav
March 16, 2023
in News
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Kathy Wood called bitcoin the best financial insurance
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Three exchange-traded funds managed by Ark Invest bought additional securities of Jack Dorsey Block company for a total amount of more than $13.7 million. trade documentation structures.

Ark Innovation ETF (ARKK) added 159,654 shares to its portfolio, ARK Next Generation Internet ETF (ARKW) bought 25,783 shares, and Ark Fintech Innovation ETF (ARKF) bought 847 shares.

On March 14, Block closed at $73.63 on the Nasdaq, up 4%. At the beginning of the session on March 15, the quotes slightly corrected. At the time of writing, the stock is trading near $72.38.

block stock dynamics
Nasdaq SQ/USD hourly chart. Data: Trading View.

A day earlier, Kathy Wood’s funds bought a total of 92,165 shares of the ex-Twitter CEO’s company worth about $6.4 million.

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Recall that in February 2023, Ark Invest actively began buying Coinbase shares, spending $9.3 million and $6.7 million on them.

In early March, the company’s structures bought securities of the American crypto exchange and Robinhood online broker for $3.44 million and $9.97 million, respectively.

The funds later added another $20 million worth of Coinbase shares to their portfolios.

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Katie_Wood-min

Three exchange-traded funds managed by Ark Invest bought additional securities of Jack Dorsey Block company for a total amount of more than $13.7 million. trade documentation structures.

See also  Euler Finance hit by flash lending attack

Ark Innovation ETF (ARKK) added 159,654 shares to its portfolio, ARK Next Generation Internet ETF (ARKW) bought 25,783 shares, and Ark Fintech Innovation ETF (ARKF) bought 847 shares.

On March 14, Block closed at $73.63 on the Nasdaq, up 4%. At the beginning of the session on March 15, the quotes slightly corrected. At the time of writing, the stock is trading near $72.38.

block stock dynamics
Nasdaq SQ/USD hourly chart. Data: Trading View.

A day earlier, Kathy Wood’s funds bought a total of 92,165 shares of the ex-Twitter CEO’s company worth about $6.4 million.

See also  The oldest bank in Brazil has added the ability to pay taxes...

Recall that in February 2023, Ark Invest actively began buying Coinbase shares, spending $9.3 million and $6.7 million on them.

In early March, the company’s structures bought securities of the American crypto exchange and Robinhood online broker for $3.44 million and $9.97 million, respectively.

The funds later added another $20 million worth of Coinbase shares to their portfolios.

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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