Cathie Wood-led Ark Investment Management on Monday deployed the Ark Space Exploration & Innovation ETF(BATS:ARKX) to buy 3,007 shares, estimated to be worth about $1.6 million, in the video streaming company Netflix Inc(NASDAQ:NFLX).
Shares of Netflix closed 1.13% higher at $533.03 on Monday.
As of Monday’s trade, the popular investment firm held 110,187 shares, worth about $58.7 million in Netflix via the ARK Next Generation Internet ETF(NYSE:ARKW) and ARKX.
Ark also piled on Coinbase Global Inc(NASDAQ:COIN) on the day. The cryptocurrency exchange's stock soared after a filing revealed Ark Invest has applied for a Bitcoin exchange-traded fund.
Coinbase shares closed 9.86% higher at $246.69 on Monday.
Ark deployed the Ark Fintech Innovation ETF(NYSE:ARKF) to buy 82,414 shares, estimated to be worth about $20.33 million, in Coinbase. The investment firm also holds the shares of the cryptocurrency exchange via ARKW and the Ark Innovation ETF(NYSE:ARKK).
Ark's stake in COIN is currently valued at $1.25 billion with about 5.08 million shares. In comparison, Ark Invest holds about 4.99 million shares, worth about $3.44 billion, in Tesla Inc(NASDAQ:TSLA), its largest holding.
Ark Invest shed 21,300 shares, estimated to be worth about $583,194, in PalantirTechnologies Inc(NYSE:PLTR), its first sale in the data analytics company in months. Shares of Palantir closed 2.66% higher at $27.38 on Monday.
Ark Invest holds shares of Palantir via ARKW and ARKK.
Some of the other key Ark buys on Monday included UiPath Inc(NYSE:PATH) and sells include Alphabet Inc(NASDAQ:GOOG) (NASDAQ:GOOGL).
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