Ark Invest raised its stake in Block by about $4.3 million

Cathie Wood's Ark Investment Management added to its stake in Block shares by about $4.3 million on March 18, BlockBeats reported. The Ark Innovation ETF (ARKK) bought 50,858 shares of Block and the Ark Next Generation Internet ETF (ARKW) bought 8,064 shares. At Friday's closing price of about $74, those shares would be worth about $4.3 million.