Cathie Wood’s Ark Invest bought approximately $37.4 million worth of shares in Jack Dorsey’s payments company Block Inc. on a single trading day, spreading the position across three of its ac
Cathie Wood’s Ark Invest bought approximately $37.4 million worth of shares in Jack Dorsey’s payments company Block Inc. on a single trading day, spreading the position across three of its actively managed exchange-traded funds.
Ark purchased a total of 456,059 Block shares, which trade under the ticker XYZ, according to a trading notification issued by the firm. The flagship ARK Innovation ETF took 191,732 shares worth approximately $15.7 million, the ARK Fintech Innovation ETF added 176,262 shares worth about $14.5 million, and the ARK Next Generation Internet ETF acquired 88,065 shares valued at roughly $7.2 million.
