ARK Invest sells more Coinbase shares, looks at Meta platforms, Robinhood

Cathie Wood's ARK Invest actively invests in Meta Platforms and Robinhood Markets stocks.

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As Coinbase stock hits its highest level in 52 weeks, ARK Invest - the investment management firm run by Cathie Wood bull Bitcoin (BTC) - recently sold more of its stock on the crypto exchange .

Following the large acquisition of Coinbase shares by ARK Invest during the bear market, the investment firm sold some of its Coinbase holdings for the second time this week. Meanwhile, Wood's company is actively investing in Meta Platforms and Robinhood Markets stocks.

Trading information viewed by Cointelegraph reveals that on July 14, ARK Invest sold a total of 478,356 Coinbase shares worth $53 million, coinciding with the stock's yearly high of 114, $43.

Trade notification screenshot of ARK Invest. Source: ARK Trading desk.

In trades, Wood's flagship fund, ARK Innovation ETF, sold 263,247 Coinbase shares, ARK Next Generation Internet ETF sold 93,227 Coinbase shares and ARK Fintech Innovation ETF has sold 35,666 shares of the exchange.

In June, Wood launched the Meta Platforms stock buy after the company announced the launch of Threads, a social media app similar to Twitter. ARK Innovation ETF acquired 69,793 Meta shares, while ARK Fintech Innovation ETF purchased 111,843 shares of Robinhood. Additionally, ARK Next Generation Internet ETF increased its holdings with 12,559 Meta shares and 169,116 Robinhood shares.

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