Cathie Wood’s ARK Invest Sells Nearly a Million Shares of Skillz
One of Cathie Wood's ARK Invest exchange-traded funds sold nearly 1 million shares of Skillz on October 5.
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One ARK exchange-traded fund run by ETF star Cathie Wood sold nearly a million shares of Skillz Inc. (NYSE: SKLZ) shares on Tuesday, as the price of this ETF traded up around 1% in the day’s session. The fund is up significantly in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 952,252 shares of Skillz. At Tuesday’s closing price, this would have valued this sale at roughly $8.3 million. This is only a small fraction of the total holdings. The fund is up 15% over the past 52 weeks.
Here’s a look at all the other sales across ARK Invest funds:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 4689JP | Z HOLDINGS | 2,431,491 |
| ARKF | SI | SILVERGATE CAPITAL | 43,349 |
| ARKF | OPEN | OPENDOOR TECHNOLOGIES | 57,830 |
| ARKG | VRTX | VERTEX PHARMACEUTICALS | 40,413 |
| ARKG | SMFR | SEMA4 | 2,453 |
| ARKG | CLLS | CELLECTIS | 23,802 |
| ARKG | SDGR | SCHRODINGER | 8,800 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 19,128 |
| ARKK | PRLB | PROTO LABS | 44,700 |
| ARKK | SKLZ | SKILLZ | 952,252 |
| ARKQ | BYDDY | BYD | 26,237 |
| ARKW | SE | SEA | 16,517 |
| ARKW | PYPL | PAYPAL | 43,209 |
| ARKX | HOFP | THALES | 66,347 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
