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.
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.
Here’s a look at all the other buys across ARK Invest funds:
|ARKG||PACB||PACIFIC BIOSCIENCES OF CALIFORNIA||17,860|
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.