Ark Invest Sells 134,749 Shares of COIN Stock

According to PANews, Cathie Wood's Ark Invest sold a total of 134,749 shares of COIN stock on March 5th. The shares were distributed among three of Ark Invest's funds: ARKK sold 72,871 shares, ARKW sold 11,015 shares, and ARKF sold 50,863 shares. Based on the closing price of approximately $229 per share, the total value of the shares sold is estimated to be around $30.86 million. This move by Ark Invest comes as the company continues to adjust its holdings in various funds. The sale of COIN shares is just one example of the ongoing adjustments being made by the investment firm. It is important to note that the sale of these shares does not necessarily indicate a lack of confidence in the stock, but rather a strategic decision made by Ark Invest as it manages its various funds.