ARK Invest exchange-traded funds run by ETF star Cathie Wood have bought nearly $46 million worth of shares of Robinhood Markets Inc. (NASDAQ: HOOD). Some of these funds added nearly 1.3 million more shares altogether on Thursday. This as prices of these ETFs gained around 2% in Thursday’s session, though these funds are up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 140,664 shares of Robinhood, ARK Innovation ETF (NYSEARCA: ARKK) added 914,957 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 236,190 shares. At Thursday’s closing price, this would value these purchases at roughly $45.9 million altogether. This is only a small fraction of the total holdings. The funds are up between 29% and 38% in the past year.
Check out all of ARK Invest’s buys for Thursday:
|ARKK||PACB||PACIFIC BIOSCIENCES OF CALIFORNIA||2,450|
|ARKX||BLDE||BLADE AIR MOBILITY||11,968|
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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