Cathie Wood’s ARK Invest Buys Nearly 1.3 Million More Shares of Robinhood
A few of Cathie Wood's Ark Invest exchange-traded funds bought nearly 1.3 million more shares of Robinhood on October 28.
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 | HOOD Price Prediction). 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.
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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.
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Check out all of ARK Invest’s buys for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | TDOC | TELADOC HEALTH | 93,448 |
| ARKF | HOOD | ROBINHOOD MARKETS | 140,664 |
| ARKF | KSPILI | KASPI.KZ | 10,870 |
| ARKF | TWLO | TWILIO | 17,246 |
| ARKG | EXAS | EXACT SCIENCES | 1,016 |
| ARKG | VERV | VERVE THERAPEUTICS | 65,100 |
| ARKG | TDOC | TELADOC HEALTH | 64,400 |
| ARKK | TWLO | TWILIO | 109,456 |
| ARKK | TDOC | TELADOC HEALTH | 456,665 |
| ARKK | SKLZ | SKILLZ | 18,090 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 2,450 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 1,287 |
| ARKK | HOOD | ROBINHOOD MARKETS | 914,957 |
| ARKK | BEAM | BEAM THERAPEUTICS | 5,205 |
| ARKQ | NIU | NIU TECHNOLOGIES | 3,700 |
| ARKQ | MKFG | MARKFORGED | 450,649 |
| ARKQ | ACHR | ARCHER AVIATION | 1,056,500 |
| ARKW | TWLO | TWILIO | 26,964 |
| ARKW | FB | 86,417 | |
| ARKW | HOOD | ROBINHOOD MARKETS | 236,190 |
| ARKW | TDOC | TELADOC HEALTH | 90,039 |
| ARKX | BLDE | BLADE AIR MOBILITY | 11,968 |
| ARKX | DDD | 3D SYSTEMS | 99,397 |
| ARKX | GRMN | GARMIN | 27,814 |
| ARKX | VLD | VELO3D | 2,105 |
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.
