Cathie Wood’s Ark Invest has recently been increasing bets on its portfolio stocks when they sell off, with the “buying the dip” approach reflecting its confidence in these stocks.
Friday’s Buys: Ark Invest, through its flagship Ark Innovation ETF (NYSE: ARKK) and Ark Next Generation Internet ETF (NYSE: ARKW), bought 150,192 shares of cryptocurrency exchange Coinbase Global, Inc. (NASDAQ: COIN) on Friday, daily trade information released by the firm showed. The purchase is worth roughly $8.8 million at Coinbase’s Friday’s …
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