Cathie Wood’s ARK Invest Buys Nearly a Million Shares of Skillz
One ARK exchange-traded fund run by ETF star Cathie Wood bought 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) bought 952,252 shares of Skillz. At Tuesday’s closing price, this would have valued this purchase 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:
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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