One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 330,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) on Monday. The price of this ETF was down more than 2% in Monday’s session, and it is down a fair amount in the past year.
It was the ARK Fintech Innovation ETF (NYSEARCA: ARKF) that added 260,791 shares of Robinhood. At Monday’s closing price, this would have valued this purchase at roughly $5.1 million. This is only a small fraction of the total holdings. The ETF is down roughly 14% in the past year.
Check out all of ARK Invest’s buys for Monday:
|ARKF||NU||NU HOLDINGS/CAYMAN ISLANDS||447,947|
|ARKQ||BLDE||BLADE AIR MOBILITY||2,621|
|ARKX||KTOS||KRATOS DEFENSE & SECURITY SOLUTIONS||49,893|
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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