On Friday, Cathie Wood-led Ark Invest made significant trades involving a number of prominent stocks including Coinbase Global Inc. (NASDAQ:COIN), Roku Inc. (NASDAQ:ROKU), Illumina Inc. (NASDAQ:ILMN), and Bitmine Immersion Technologies Inc. (NASDAQ:BMNR).
The COIN Trade
Ark Invest purchased a total of 95,678 shares of Coinbase Global Inc across its Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK) and ARK Next Generation Internet ETF (BATS:ARKW). This move comes as the cryptocurrency market continues to show signs of strength, with Bitcoin flirting with all-time highs.
The total value of the shares acquired, based on the stock’s closing price on the day of the trade, is around $30.11 million.
The ROKU Trade
In another significant move, Ark Invest bought a total of 345,933 shares of Roku Inc across its ARKF, ARKK, and ARKW ETFs. The streaming platform has been a consistent performer in the market, making it a valuable addition to Ark’s portfolio.
The exact value of this trade, calculated from the closing price on the day, is around $27.67 million.
The ILMN Trade
Ark Invest also showed interest in the biotechnology sector, purchasing a total of 162,211 shares of Illumina Inc through its ARK Genomic Revolution ETF (BATS:ARKG) and ARKK ETFs. Illumina, a leader in DNA sequencing technology, has been a key player in the genomic revolution.
The value of this trade, based on the closing price of the stock on the day of the trade, is around $15.35 miillion.
The BMNR Trade
Ark Invest also bought a total of 490,712 shares of Bitmine Immersion Technologies Inc across its ARKF, ARKK, and ARKW ETFs. Bitmine, a company specializing in cryptocurrency mining technology, aligns with Ark’s interest in the crypto sector.
The value of this trade, calculated from the closing price on the day, is around $15.55 million.
Other Key Trades:
- Ark Invest bought 299,279 shares of PagerDuty Inc. (NYSE:PD) and 53,396 shares of SoFi Technologies Inc. (NASDAQ:SOFI) through its ARKK ETF.
- Ark Invest sold a total of 134,548 shares of Kratos Defense and Security Solutions Inc. (NASDAQ:KTOS) through its ARKK ETF.
- Ark Invest sold a total of 62108 shares of Roblox Corp. (NYSE:RBLX) through its ARKF ETF.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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