Cathie Wood Adds More Coinbase, Skillz, Trims Square

0 0
Read Time:2 Minute, 15 Second

Cathie Wood-led Ark Investment Management on Friday snapped up another 221,167 shares of the cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) worth about $64.49 million on the stock’s Friday’s dip and also its fourth-straight loss.

The investment firm’s Ark Innovation ETF (NYSE:ARKK) bought the shares of the company that closed 0.63% lower at $291.60 on Friday, giving the cryptocurrency exchange a market cap of $58.09 billion. Coinbase’s market cap has dropped from $85.8 billion on its blockbuster listing earlier this month.

The New York-based company also added another 3,873 shares of the mobile gaming company Skillz Inc (NYSE:SKLZ), just a day after snapping 1.2 million shares of the stock.

ARKK bought the shares of the company which closed 9.33% higher at $18.17 on Friday.

See Also: What Went Down With Skillz Stock Today?

Skillz is a mobile games platform that enables competitive esports-style play that hosts billions of casual esports tournaments annually.

The investment firm also sold 193,800 shares of the digital payment company Square Inc (NYSE:SQ), estimated to be worth $47.75 million as of its Friday’s close. 

Square is among Ark’s top three holdings. ARKK sold the shares of Square representing 0.197% of the ETF.

See Also: Is ARK Invest’s Cathie Wood Interested In Nio?

Ark Invest sold a total of 82,070 shares of the online lending marketplace company LendingTree Inc (NASDAQ:TREE) worth about $18.6 million as of the stock’s Friday’s close.

Two of the New York-based investment firm’s flagship funds made the trade. The Ark Fintech Innovation ETF (NYSE:ARKF) bought 23,470 shares, representing 0.12% of the ETF, and the ARK Next Generation Internet ETF (NYSE:ARKW) bought 58,600 shares, representing 0.19% of the ETF.

The Ark Genomic Revolution ETF (BATS:ARKG) bought 78,639 shares of Ionis Pharmaceutical Co (NYSE:IONS), estimated to be about $3.35 million, representing 0.034% of the ETF.

Ionis shares closed 0.54% higher at $42.69 on Friday.

Other Ark Buys On Friday:

Recursion Pharmaceuticals (NASDAQ:RXRX)

908 Devices (NASDAQ:MASS

Beam Therapeutics (NASDAQ:BEAM)

Jaws Spitfire Acquisition (NYSE:SPFR)

Niu Technologies (NASDAQ:NIU)

3D Systems (NYSE:DDD)

Iridium Communications (NASDAQ:IRDM

Other Ark Sells On Friday:

Syros Pharmaceuticals (NASDAQ:SYRS)

Phreesia (NYSE:PHR)

Pluristem Therapeutics (NASDAQ:PSTI)

PACCAR (NASDAQ:PCAR)

Nvidia (NASDAQ:NVDA)

DocuSign (NASDAQ:DOCU

Pure Storage Inc (NYSE:PSTG)

https://markets.businessinsider.com/news/stocks/cathie-wood-adds-more-coinbase-skillz-trims-square-1030342169

To Find More Information, Go To Saubio Digital And Look Up Any Topic

About Post Author

Saubio admin

A Saubio member. So SAUBIO stands for GOOD LIFE which is what we all strive for as human beings, for ourselves, our family and our relationships with the people around us and the world we live in.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%