Star stock picker Cathie Wood's Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital Corp on Thursday as shares in the firm plunged more than 40%, according to disclosures by Ark Invest.
Cathie Wood, Founder, CEO, and CIO of ARK Invest, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David Swanson/File Photo
NEW YORK, Jan 6 - Star stock picker Cathie Wood's Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital CorpThe selling nearly liquidated the firm's share holdings and came from the $645 million ARK Fintech Innovation ETF
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