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.
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.
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:
SyrosPharmaceuticals(NASDAQ:SYRS)
Phreesia(NYSE:PHR)
Pluristem Therapeutics(NASDAQ:PSTI)
PACCAR(NASDAQ:PCAR)
Nvidia(NASDAQ:NVDA)
DocuSign(NASDAQ:DOCU)
Pure Storage Inc(NYSE:PSTG)
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