ARK Invest, the asset management company led by Cathie Wood, reduced its holdings again yesterday, selling $44.76 million worth of Circle Internet Group Inc. (stock code CRCL) shares after selling approximately $51.7 million on Monday.
According to the company's latest trading documents, ARK Invest sold part of its Circle holdings through three of its funds on Tuesday, with the 'ARK Innovation ETF' (ARKK) selling 208,654 shares; the 'ARK Next Generation Internet ETF' (ARKW) selling 65,320 shares; and the 'ARK Fintech Innovation ETF' (ARKF) selling 26,134 shares.
Yahoo Finance data shows that CRCL closed at $149.15 on Tuesday, down 1.26%, but rebounded by 2.84% in after-hours trading. The current stock price is still well above the IPO price of $31.
ARK Invest purchased $373.4 million worth of shares when Circle went public on the New York Stock Exchange earlier this month, and has cashed out approximately $96.46 million in total over the last two days of trading.
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