ARK Invest, led by Cathie Wood, continues to sell Circle shares, having recently offloaded 415,844 shares worth $109.6 million.
ARK Invest Circle Sales
ARK Invest has continued its sales of Circle shares, completing another transaction of 415,844 shares for $109.6 million, occurring just a week after selling 1.25 million shares for $243 million.
ARK's Holdings in Circle
Since initiating the sales, ARK has sold approximately 1.7 million Circle shares, which accounts for 37% of its total purchase of 4.5 million shares made on June 5.
Current ARK Assets and Distribution
As of the latest sales, ARK funds still hold 2.6 million Circle shares valued at $69.9 million based on the closing price of $263.4. Transactions involved three funds: ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
The sell-off of Circle shares by ARK Invest highlights the shifting dynamics of asset management strategies following Circle's entry into the stock market.
