Cathie Wood’s ARK Invest Buys Over 900,000 Shares of Robinhood
A couple of Cathie Wood's Ark Invest exchange-traded funds bought over 900,000 more shares of Robinhood on November 29.
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Two ARK Invest exchange-traded funds run by ETF star Cathie Wood have bought nearly $25 million worth of shares of Robinhood Markets Inc. (NASDAQ: HOOD | HOOD Price Prediction). These funds added over 900,000 more shares altogether on Monday. This was as prices of these ETFs gained less than 1% in Monday’s session, though these funds are somewhat mixed over the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 342,346 shares of Robinhood, and ARK Innovation ETF (NYSEARCA: ARKK) purchased 572,717 shares. At Monday’s closing price, this would value these purchases at roughly $24.8 million altogether. This is only a small fraction of the total holdings. The fintech fund is up 2% in the past year, while the innovation ETF is down closer to 3%.
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Check out all of ARK Invest’s buys for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | DSYFP | DASSAULT SYSTEMES | 62,220 |
| ARKF | TWLO | TWILIO | 35,477 |
| ARKF | TDOC | TELADOC HEALTH | 1,400 |
| ARKF | HOOD | ROBINHOOD MARKETS | 342,346 |
| ARKF | DSYSJ | DISCOVERY | 62,220 |
| ARKG | TDOC | TELADOC HEALTH | 2,650 |
| ARKG | SURF | SURFACE ONCOLOGY | 112,100 |
| ARKG | SGFY | SIGNIFY HEALTH | 56,672 |
| ARKG | SDGR | SCHRODINGER | 116,488 |
| ARKG | ONEM | 1LIFE HEALTHCARE | 123,471 |
| ARKG | MASS | 908 DEVICES | 7,800 |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 29,252 |
| ARKK | TRMB | TRIMBLE | 62,409 |
| ARKK | TDOC | TELADOC HEALTH | 8,800 |
| ARKK | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 419,669 |
| ARKK | MTLS | MATERIALISE | 22,287 |
| ARKK | HOOD | ROBINHOOD MARKETS | 572,717 |
| ARKQ | ACHR | ARCHER AVIATION | 34,547 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 102,325 |
| ARKQ | BYDDY | BYD | 29,094 |
| ARKQ | MKFG | MARKFORGED | 119,451 |
| ARKQ | PLTR | PALANTIR TECHNOLOGIES | 475,825 |
| ARKQ | VLD | VELO3D | 167,644 |
| ARKW | CND | CONCORD ACQUISITION | 74,475 |
| ARKW | NNDM | NANO DIMENSION | 367,949 |
| ARKW | TDOC | TELADOC HEALTH | 2,300 |
| ARKW | VCYT | VERACYTE | 45,574 |
| ARKX | IRDM | IRIDIUM COMMUNICATIONS | 60,285 |
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.
