Ark Investment Management

According to reports, Ark Investment Management, a unit of Cathie Wood, increased its holdings of approximately $4.3 million in Block stock. Among them, Ark Innovation ETF (ARKK) purchased 50858 Block shares, and Ark Next Generation Internet ETF (ARKW) purchased 8064 shares. At Friday’s closing price of about $74, these stocks together are worth about $4.3 million. （TheBlock） ArkInvest increased its holdings of approximately $4.3 million in Block stock Analysis based on this information:The latest reports indicate that Cathie Wood’s Ark Investment Management has increased its holdings of approximately $4.3 million in Block stock. This move did not come as a surprise to industry experts, especially given Cathie Wood’s reputation as a savvy investor who is always ahead of the curve when it comes to new technology and innovation. According to the report, Ark Innovation ETF (ARKK) purchased 50858 Block shares, while Ark Next Generation Internet ETF (ARKW) purchased 8064 shares. This means that together, these two funds have a stake…