Cathie Wood’s ARK Invest Buys Over 350,000 Shares of Robinhood
A couple of Cathie Wood's Ark Invest funds bought over 350,000 shares of Robinhood on September 16.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 350,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD | HOOD Price Prediction) altogether on Thursday, as the prices of these ETFs were up less than 1% in Thursday’s session. These funds are up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 325,289 shares of Robinhood, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 25,322 shares. At Thursday’s closing price, this would have valued these purchases at roughly $14.7 million altogether. This is only a small fraction of the total holdings. The fintech ETF is up roughly 37% in the past year, and the internet ETF is up 44% in that time.
Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | HOOD | ROBINHOOD MARKETS | 325,289 |
| ARKG | PSNL | PERSONALIS | 30,067 |
| ARKG | BLI | BERKELEY LIGHTS | 178,950 |
| ARKK | NVTA | INVITAE | 213,501 |
| ARKK | PD | PAGERDUTY | 68,750 |
| ARKK | BLI | BERKELEY LIGHTS | 479,000 |
| ARKK | BEAM | BEAM THERAPEUTICS | 15,372 |
| ARKK | PATH | UIPATH | 384,458 |
| ARKQ | PRLB | PROTO LABS | 168,937 |
| ARKQ | NNDM | NANO DIMENSION | 382,931 |
| ARKQ | NIU | NIU TECHNOLOGIES | 152,431 |
| ARKQ | MKFG | MARKFORGED | 170,566 |
| ARKW | VUZI | VUZIX | 34,305 |
| ARKW | SE | SEA | 8,100 |
| ARKW | HOOD | ROBINHOOD MARKETS | 25,322 |
| ARKW | DIS | WALT DISNEY | 51,787 |
| ARKX | BLDE | BLADE AIR MOBILITY | 4,102 |
| ARKX | KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS | 81,952 |
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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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Contact [email protected] for any questions or corrections.
Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
