Three exchange-traded funds managed by Ark Invest have acquired $13.7 million in additional shares of Block, which is owned by Jack Dorsey, according to the structure's trading documentation.
In particular, the Ark Innovation ETF (ARKK) has added 159,654 shares to its portfolio, the ARK Next Generation Internet ETF (ARKW) has bought 25,783 shares, and the Ark Fintech Innovation ETF (ARKF) 847 shares.
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Block closed the March 14 trading session at $73.63 on the Nasdaq, up 4%. At the start of the March 15 trading session, prices corrected slightly.
A day earlier, Ark Invest funds bought a total of 92,165 shares of the former Twitter CEO's company worth about $6.4 million.
Ark Invest last month began actively buying Coinbase shares, spending $9.3 million and $6.7 million on these.
In early March, the company's structures bought shares of the US crypto exchange and online broker Robinhood for $3.44 million and $9.97 million, respectively.