One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 225,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) on Friday, as the price of this ETF was up around 1% in Friday’s session. The fund is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 228,082 shares of Robinhood. At Friday’s closing price, this would have valued this purchase at roughly $9.7 million. This is only a small fraction of the total holdings. The ETF is up roughly 48% in the past year.
Check out all of ARK Invest’s buys for Friday:
|ARKQ||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS||26,924|
|ARKX||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS||7,481|
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.