Cathie Wood-led Ark Investment Management shed more shares of Apple Inc (NASDAQ: AAPL) on Monday, just days after halving its stake in the maker of iPhones and iPads, and snapped up shares of cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) and daily fantasy sports company DraftKings Inc (NASDAQ: DKNG).
The investment firm sold 87,560 Apple shares, worth about $11.1 million, of the 289,630 shares it owned, as of the day’s close via its ARK Innovation ETF (NYSE: ARKF). No other Ark ETF has a position in Apple.
See Also: Cathie Wood Slashes Apple Stake To Half — Also Trims Google, Fastly: What You Need To Know
Shares of the Cupertino, California-based company closed 2.58% lower at $126.85 on Monday and were further down 0.42% in after-hours trading. ARKF shares closed 4.84% lower at $47.02.
The New York-based investment firm snapped up another 33,300 shares, worth about $9.77 million, of cryptocurrency exchange Coinbase via ARKF.
Coinbase shares closed ...Full story available on Benzinga.com
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