[Ark Invest further reduces its holdings of Circle stock by $44.8 million] Ark Invest, led by Cathie Wood, sold $51.7 million of Circle Internet Group Inc. (CRCL) shares the previous day and then further reduced its holdings by $44.76 million the next day. As a stablecoin issuer, Circle's stock price remains above its recent IPO price.
According to the latest filings, three exchange-traded funds (ETFs) from Ark Invest sold related shares on Tuesday. Among them, the ARK Innovation ETF (ARKK) reduced its holdings by 208,654 shares of Circle stock, the ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF) also reduced its holdings by 26,134 shares of the stablecoin issuer's stock.
According to Yahoo Finance data, CRCL closed down 1.26% on Tuesday, at $149.15, but rose 2.84% in after-hours trading. Its stock price is still significantly above the IPO price of $31.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Ark Invest once again reduced its holdings of Circle stock by 44.8 million USD.
[Ark Invest further reduces its holdings of Circle stock by $44.8 million] Ark Invest, led by Cathie Wood, sold $51.7 million of Circle Internet Group Inc. (CRCL) shares the previous day and then further reduced its holdings by $44.76 million the next day. As a stablecoin issuer, Circle's stock price remains above its recent IPO price. According to the latest filings, three exchange-traded funds (ETFs) from Ark Invest sold related shares on Tuesday. Among them, the ARK Innovation ETF (ARKK) reduced its holdings by 208,654 shares of Circle stock, the ARK Next Generation Internet ETF (ARKW) sold 65,320 shares, and the ARK Fintech Innovation ETF (ARKF) also reduced its holdings by 26,134 shares of the stablecoin issuer's stock. According to Yahoo Finance data, CRCL closed down 1.26% on Tuesday, at $149.15, but rose 2.84% in after-hours trading. Its stock price is still significantly above the IPO price of $31.