A few of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 1.8 million shares of Robinhood Markets Inc. (NASDAQ: HOOD) altogether on Friday, as the prices of these ETFs were down over 1% in Friday’s session. These funds are up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 213,484 shares of Robinhood, while ARK Innovation ETF (NYSEARCA: ARKK) bought 1,287,788 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 353,630 shares. At Friday’s closing price, this would have valued these purchases at roughly $65.2 million altogether. This is only a small fraction of the total holdings. ARKF is up roughly 43% in the past year. ARKK and ARKW are up 52% or so in that time.
Check out all of ARK Invest’s buys for Friday:
|Pacific Biosciences of California
|Khosla Ventures Acquisition II
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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