- Cathie Wood's ARK Invest continues to add shares of Skillz Inc.(NYSE:SKLZ)and Palantir Technologies Inc.(NYSE:PLTR)to their actively managed exchange-traded funds. Yesterday, ARK Invest purchased over 3M shares of SKLZ and over 1.5M shares of PLTR.
- Cathie Wood has added 2.7M shares of SKLZ to ARK Innovation ETF(NYSEARCA:ARKK)and 354K shares to ARK Next Generation Internet ETF(NYSEARCA:ARKW). SKLZ missed EPS by $0.02 and beat on revenue yesterday.
- Examining PLTR, Wood added all shares right to ARKK, which now represents 1.48% of ARKK's holdings.
- PLTR is also +116.00% since its launch back in September of 2020, but is now down nearly -52.00% since its all-time high back in January of this year.
- Yesterday's Nasdaq sell off hit some growth ETFs, but Nasdaq futures are up so far +0.67% in pre-market trading.
- ARKK is +1.54% in pre-market trading and closed yesterday at -3.10%.
- ARKW is +1.69% in pre-market trading and closed yesterday at -2.71%.
- SKLZ is +2.66% in pre-market trading and closed yesterday at -1.83%.
- PLTR is +1.02% in pre-market trading and closed yesterday at -2.96%.
- Cathie Wood's continued purchase of COIN shares now places ARK Invest with over $750M in total value in COIN versus all other ETFs combined, which essentially have $100M in total value.
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