Cathie Wood Watch: Ark Buys More Coinbase

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The Street

By Dan Weil Ark Innovation ETF slid 44% during the past year, but has rebounded 28% so far this year, joining the tech stock surge. Famed money manager Cathie Wood, chief executive of Ark Investment Management, has been buying and selling some of her biggest names in recent weeks. And she was at it again Feb. 13. Ark exchange-traded funds purchased 118,695 shares of troubled Coinbase Global (COIN) – Get Free Report, the biggest U.S. cryptocurrency exchange. That chunk was valued at $6.7 million as of the Feb. 13 close. DON’T MISS: Cathie Wood’s Ark Makes 3 Bold Bitcoin Predictions Wood likely …

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