Cathie Wood’s Ark Invest Buys Over 2.1 Million Shares of Skillz
One of Cathie Wood's Ark Invest exchange-traded funds bought over 2.1 million shares of Skillz on October 21.
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One ARK exchange-traded fund run by ETF star Cathie Wood bought over 2 million shares of Skillz Inc. (NYSE: SKLZ) shares on Thursday, as the price of this ETF traded up less than 1% in the day’s session. The fund is up significantly in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) bought 2,112,856 shares of Skillz. At Thursday’s closing price, this would have valued this purchase at roughly $21.0 million. This is only a small fraction of the total holdings. The fund is up 24% over the past 52 weeks.
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Here’s a look at all the other buys across ARK Invest funds:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | SLGC | SOMALOGIC | 225,026 |
| ARKG | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 17,860 |
| ARKG | VCYT | VERACYTE | 6,714 |
| ARKG | ARCT | ARCTURUS THERAPEUTICS | 4,790 |
| ARKG | SURF | SURFACE ONCOLOGY | 2,122 |
| ARKK | SKLZ | SKILLZ | 2,112,856 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 28,280 |
| ARKK | BEAM | BEAM THERAPEUTICS | 14,943 |
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.
