Cathie Wood Adds More Coinbase, Skillz, Trims Square
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.
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.
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.
Related content: How to Buy Coinbase IPO (COIN) Stock
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)
Pluristem Therapeutics (NASDAQ:PSTI)
Pure Storage Inc (NYSE:PSTG)
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.