Cathie Wood's Ark Invest Buys $18M In Shopify Stock Amid Price Dip, Sells Shares In Bitcoin Bull Jack Dorsey's Block Inc

On Monday, Cathie Wood’ s Ark Invest made some significant trades, the most notable being the purchase of $Shopify(SHOP.US)$ and the sale od $Block(SQ.US)$

$ARK Fintech Innovation ETF(ARKF.US)$ $ARK Innovation ETF(ARKK.US)$ and $ARK Next Generation Internet ETF(ARKW.US)$ Purchased a total of 313,¢3 shares of Shopify on Monday. This move came after the company released its first-quarter earnings report earlier in the month. The trade was valued at approximately $18.45 million, based on Shopify’ s closing price of $58.78 on the day.

On the same day, Ark Invest sold a total of 110,334 shares of Block Inc across its $ARK Fintech Innovation ETF(ARKF.US)$ , $ARK Innovation ETF(ARKK.US)$ , and $ARK Next Generation Internet ETF(ARKW.US)$ ETFs. This decision came after $Block(SQ.US)$ ’ s stock soared following its first-quarter earnings report and strategic BTC. The value of this trade was approximately $7.7 million, based on Block’ s closing price of $69.74 on Monday.

* Ark Invest’ s $ARK Fintech Innovation ETF(ARKF.US)$ and $ARK Innovation ETF(ARKK.US)$ ETFs bought shares of $Roblox(RBLX.US)$ .

* $ARK Fintech Innovation ETF(ARKF.US)$ sold shares of $Global-E Online(GLBE.US)$ . $ARK Genomic Revolution ETF(ARKG.US)$ sold shares of $Verve Therapeutics(VERV.US)$ and bought shares of $Recursion Pharmaceuticals(RXRX.US)$

* $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ sold stock of $Velo3D(VLD.US)$ . $ARK Space Exploration & Innovation ETF(ARKX.US)$ bought shares of $Iridium Communications(IRDM.US)$ .