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 financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
