ARK Invest’s portfolio boosted with $21.2M Bullish and $16.2M Robinhood buys
Ark Invest’s portfolio increased the challenges in Bulnish and Robinhood on August 19, while crypto actions tumbled.
Summary
- ARKK bought 356,346 upward shares worth $ 21.2 million, raising its upward participation at more than 1.16 million shares worth $ 73.85 million.
- The company has also acquired 150,908 Robinhood shares for $ 16.2 million, marking the third consecutive day of Robinhood’s purchases.
- These additions to the Ark Invest portfolio show that the company has dealt with the decline as an opportunity to purchase in the middle of 6% + of the decreases of the two shares that day.
The Ark Invest portfolio extends the Haussiers Post-Opo assets
On August 19, Ark’s Flagship Innovation ETF (ARKK) bought 356,346 Bullish shares, a purchase worth around $ 21.2 million depending on the closing price of $ 59.51. This follows an ARK’s previous allowance of 2.53 million bullish shares worth around 172 million dollars in three ETF on the first day of negotiation of the exchange operator. Following these last trades, Arkk now has more than 1.16 million upward shares, worth around 73.85 million dollars.
For the context, bullish $ 1.1 billion In its IPO by selling 30 million shares at $ 37 each. The action made its debut strongly, climbing up to 215% intraday at $ 118 before settling below.
Robinhood buys for the 3rd consecutive day
Invested ark Also added to its Robinhood market post (Hood), acquiring 150,908 shares worth around 16.2 million dollars at Tuesday closing price of $ 107.50. The purchase marks the 3rd day of consecutive purchase negotiation, after spending $ 9 million on Friday and $ 14 million on Monday.
RobinA coherent arch hold has experienced active adjustments in recent years. The company had previously sold parts of its position in 2024 to remain in accordance with the Dry 12D3-1 rule, which limits ownership of ETF titles linked to brokers or advisers recorded at 5% of assets.
The latest purchases came in a context of weakness of cryptographic actions, indicating that ARK Invest deals with sale as an entry point. On Tuesday, the bullish and the Robinhood fell by more than 6%, closing at $ 59.51 and $ 107.50 respectively.
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