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Ark Invest increased its stake in Circle stock by $13.7 million and trimmed its stake in Robinhood.
BlockBeats message: On July 10, Cathie Wood’s investment firm Ark Invest increased its holdings in Circle Internet Group stock on Thursday while selling part of its Robinhood positions.
The latest transaction disclosures show that Ark, through its three ETFs, ARKK, ARKW, and ARKF, purchased a total of 2,107,896 shares of Circle stock. Based on Thursday’s closing price of $63.01, the value was approximately $13.7 million.
At the same time, Ark sold 85,319 shares of Robinhood stock, worth $9.8 million.