Ark Invest Increases Stake in Coinbase and Robinhood
Reading Time: < 1 minute
Yesterday, Ark Invest, an investment management firm that focuses on disruptive innovation and thematic investing, added 47,568 shares of Coinbase and 8,031 shares of Robinhood to its portfolios.
The purchase of shares of US cryptocurrency exchange Coinbase has cost the flagship Ark Innovation ETF approximately $3.44 million, whereas the purchase of Robinhood shares, a stock brokerage firm that allows customers to buy and sell stocks and other securities online at a low cost, has cost the Ark Next Generation Internet ETF roughly $9.97 million.
In spite of these recent purchases, both stocks closed lower than the day before, with Coinbase closing at $61.89 and Robinhood closing at $9.42, down more than 3%.
Follow and like us on
