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Ark Invest purchased $31 million worth of Block Inc. shares on Monday.
PANews, October 28th news, according to The Block report, on Monday, Ark Invest led by Cathie Wood purchased $30.9 million worth of Block Inc. (XYZ) stocks through its three ETFs, indicating that the company's investment in crypto-related stocks is increasing. Among them, the ARK Innovation ETF (ARKK) purchased 210,916 shares of Block stock, the ARK Next Generation Internet ETF (ARKW) purchased 59,827 shares of Block stock, and the ARK Fintech Innovation ETF (ARKF) also purchased 114,842 shares of Block stock. On Monday, Block's stock price rose 0.77%, closing at $80.15. The stock has risen 37.43% in the past six months, but has fallen 7.61% year to date.