ARK buys another $64 mln in Coinbase shares, sells $99.5 mln of Tesla shares

  • 6 months   ago
ARK buys another $64 mln in Coinbase shares, sells $99.5 mln of Tesla shares

Cathie Wood’s ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc (COIN.O) on Friday while selling shares of electric carmaker Tesla (TSLA.O), according to the firm's daily trade summary.

ARK on Friday bought 187,078 shares of Coinbase, which debuted on the Nasdaq earlier this week, in a purchase worth nearly $64 million at the day’s closing price of $342.

It sold 134,541 shares of Tesla, valued at $99.5 million at Friday's close. Tesla is still by far the firm's biggest position by value on its major funds.

 

REUTERS

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