Cathie Wood-led Ark Investment Management on Friday snapped up 225,937 shares, estimated to be about $53.7 million, in Square Inc (NYSE: SQ), ramping up its foray into Bitcoin (CRYPTO: BTC) play as the payment company prepares to build a Bitcoin (CRYPTO: B
The SPDR S&P 500 ETF (NYSE: SPY) continued to pull back from its $437.92 all-time high on Friday. The SPY reached the record price twice on Tuesday and Wednesday this week, creating a bearish double top pattern.
Cathie Wood-led Ark Investment Management on Thursday snapped up 69,172 shares, estimated to be worth about $15.5 million, in Coinbase Global Inc (NASDAQ: COIN) on the dip.
Shares of the cryptocurrency exchange closed 2.31% lower at $224.63 on Thursday.
ARK Invest, the New York-based investment management firm led by the popular money manager Cathie Wood, saw its five actively managed exchange-traded funds and two self-indexed ETFs underperform the S&P 500 index in the second quarter.
Cathie Wood-led Ark Investment on Wednesday shed 41,435 shares, estimated to be worth about $12.46 million, in payments company PayPal Holdings Inc (NASDAQ: PYPL).
Shares of the company closed 0.15% lower at $300.75 on Wednesday.