Cathie Wood’s Ark Invest Buys Over 2.1 Million Shares of Skillz

By Chris Lange Published Oct 22, 7:55AM EDT

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Cathie Wood’s Ark Invest Buys Over 2.1 Million Shares of Skillz — © Thinkstock

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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About the Author Chris Lange →

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.