ARK Invest invests $5.5 million to increase holdings in Circle stock

robot
Abstract generation in progress

Gold Financial reports that on May 12th, the investment firm ARK Invest led by Cathie Wood bought approximately $5.5 million worth of Circle stock, which had previously surged 16% after releasing its first-quarter earnings report.
According to ARK’s trading report on May 11th, the company’s Innovation (ARKK), Next Generation Internet (ARKW), and Blockchain and Fintech Innovation (ARKF) ETFs collectively purchased 41,904 shares of Circle Internet Group stock.
This is ARK’s first increase in Circle holdings since March 24th. ARK typically adjusts its holdings to ensure that a single stock does not exceed 10% of the fund, so when certain assets experience significant price fluctuations, the company actively rebalances.
According to the latest disclosures, Circle is currently the sixth-largest holding in the ARKK ETF, accounting for about 4.6% with a market value of approximately $306.5 million, just behind Tesla, Advanced Micro Devices, CRISPR Therapeutics, Tempus AI, and Roku.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin