Cathie Wood-led Ark Investment Management on Monday bought 731,775 shares, estimated to be worth about $41.76 million, in Twitter Inc (NYSE: TWTR) — a .
(ARKG), (ARKK) - Why Cramer Sees Cathie Wood s Top Tech Picks Heading Further Lower benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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A Month Into Spelling The Bull Case For Silvergate, Cathie Wood s Ark Invest Has Cut Stake In Bitcoin Play By 59%
Cathie Wood-led Ark Invest has shed a significant stake in
Silvergate Capital Corp (NYSE:SI), a month into saying that the cryptocurrency-focused financial institution could be a prime beneficiary of increased crypto adoption.
What Happened: The New York-based investment firm has sold over 1 million shares in the California-based bank that has for several years served crypto firms as a core part of its business, since April 17, when it last issued a bullish commentary on the stock.
Cathie Wood s ARK Innovation ETF Falls to New Low for the Year, Off Nearly 35% From Recent High nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
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Cathie Wood, the founder, CEO and CIO of Ark Invest, held discussions with Bill Hwang of Archegos Capital about U.S. stocks and, in particular, the media sector back in 2013.
What Happened: In an interview with CNBC, Cathie Wood said hedge fund veteran Hwang provided seed capital for Ark s first four exchange-traded funds. He did provide the seed for our first four ETFs, and we were very grateful to him. It was at a time where market makers were sick of seeding new strategies, she said in the interview.
Why It Matters: Hwang ran Archegos Capital Management, the family office that imploded in March and caused massive losses at a few big banks when Archegos couldn t meet margin calls.