Cathie Wood’s ARK funds dump $26 million extra in Coinbase inventory, shed $13 million extra of Tesla shares

Those had been price $26.3 million based mostly on Coinbase’s Monday closing worth of $105.55, and the gross sales observe ARK’s transfer to dump about $50 million in Coinbase’s inventory Friday.

Coinbase represents 0.78% of the Fintech Innovation ETF, together with 0.15% of the Innovation ETF and 0.30% of the Next Generation Internet ETF. ARK disclosed the transactions and weightings within the each day commerce notifications it posts to its web site.

Read: Coinbase’s spectacular inventory surge after Ripple ruling sparks fierce debate

Meanwhile, the ARK Innovation ETF shed 38,329 Tesla shares
TSLA,
+3.20%
on Monday, whereas the ARK Next Generation Internet ETF bought 6,855. Those shares had been price $13.1 million based mostly on Tesla’s Monday closing stage of $290.38. Tesla represents about 0.12% of each funds as they proceed to unload shares.

Don’t miss: Tesla is its finest gross sales quarter ever

ARK scooped up 455 shares of Meta Platforms Inc.
META,
+0.57%
inside its Next Generation Internet ETF and purchased up 3,729 shares throughout the ARK Innovation ETF. That amounted to $1.3 million price of inventory based mostly on Meta’s $310.62 Monday shut.

Two ARK funds purchased a mixed $790 million in Robinhood Markets Inc.’s inventory
HOOD,
+0.89%,
with the fintech fund scooping up 25,641 shares and the Next Generation Internet ETF shopping for 37,630 shares. ARK added 4,608 shares of SoFi Technologies Inc.
SOFI,
+4.41%
to the fintech fund, price $43,683 based mostly on Monday’s shut.

See additionally: SoFi’s inventory catches one other downgrade as analyst says it ‘needs to be valued more like a bank’

ARK was additionally lively in shares of Twilio Inc.
TWLO,
-0.63%,
shopping for 15,702 throughout the Fintech Innovation ETF, 133,499 throughout the Innovation ETF and 22,748 throughout the Next Generation Internet ETF. That amounted to $11.4 million in Twilio’s inventory based mostly on Monday’s $66.47 closing worth.