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 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 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 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 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 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 ARKF bought 23,470 shares, representing 0.12% of the ETF, and the ARK Next Generation Internet ETF ARKW bought 58,600 shares, representing 0.19% of the ETF.

Related content: How to Buy Coinbase IPO (COIN) Stock

The Ark Genomic Revolution ETF ARKG bought 78,639 shares of Ionis Pharmaceutical Co 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 RXRX

908 Devices MASS 

Beam Therapeutics BEAM

Jaws Spitfire Acquisition SPFR

Niu Technologies NIU

3D Systems DDD

Iridium Communications IRDM 

Other Ark Sells On Friday:

Syros Pharmaceuticals SYRS

Phreesia PHR

Pluristem Therapeutics PSTI


Nvidia NVDA

DocuSign DOCU 

Pure Storage Inc PSTG

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Posted In: CryptocurrencyPenny StocksSector ETFsSmall CapMarketsTrading IdeasETFsARK Investment ManagementBitcoinCathie WoodeSportsgaming
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