Cathie Wood buys 200K shares of U while unloading nearly 350K shares of DKNG

Cathie Wood and Ark Invest purchased over 200K shares of Unity Software (U) and sold nearly 350K shares of DraftKings (DKNG) on Monday according to Ark's openly disclosed trade record data.

Wood and her team grabbed 203,107 shares of U across four of her actively managed exchange traded funds with ARK Innovation ETF (NYSEARCA:ARKK) taking the largest stake at 154,387 shares. At the same time ARK Next Generation Internet ETF (NYSEARCA:ARKW) took on 25,467 shares while ARK Next Generation Internet ETF (BATS:ARKQ) and ARK Space Exploration & Innovation ETF (BATS:ARKX) gathered 18,205 shares and 5,408 shares respectively.

With regards to DraftKings, Wood and her team sold a total of 347,286 shares across ARKK and ARKW. In total, ARKK unloaded 295,139 shares of DKNG while ARKW shed 52,147 shares.

At the moment U is ARKK’s 12^th largest holding, while its ARKW’s 11^th most significant holding. Moreover, Unity Software is ARKQ’s 20^th biggest position and ARKX’s 26^th most sizable stake.

DKNG on the other hand sits as ARKK’s 11^th most significant portfolio weighting and ARKW labels DKNG as the fund’s 10^th most notable holding.

Tuesday’s price action: U -0.5%, DKNG -0.1%, ARKK 0%, ARKW +0.2%, ARKQ 0%, and ARKX -0.2%.

In other Ark Invest related purchases, recently Wood came in and purchased the dip in Block, Inc. and Coinbase Global after both stocks tumbled double digits.