One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 360,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) on Thursday. The price of this ETF pulled back more than 3% in Thursday’s session, and it is down a fair amount in the past year.
[in-text-ad]
It was the ARK Innovation ETF (NYSEARCA: ARKK) that added 363,261 shares of Robinhood. At Thursday’s closing price, this would have valued this purchase at roughly $6.6 million. This is only a small fraction of the total holdings. The ETF is down roughly 26% in the past year.
Check out all of ARK Invest’s trades for Thursday:
| Fund | Direction | Ticker | Name | Shares |
|---|---|---|---|---|
| ARKG | Buy | PSNL | PERSONALIS | 89,038 |
| ARKG | Buy | QSI | QUANTUM-SI | 59,758 |
| ARKK | Buy | VCYT | VERACYTE | 109,426 |
| ARKK | Buy | SSYS | STRATASYS | 46,027 |
| ARKK | Buy | PD | PAGERDUTY | 68,000 |
| ARKK | Buy | PATH | UIPATH | 22,778 |
| ARKK | Buy | HOOD | ROBINHOOD MARKETS | 363,261 |
| ARKK | Sell | IOVA | IOVANCE BIOTHERAPEUTICS | 171,900 |
| ARKK | Sell | DDD | 3D SYSTEMS | 36,547 |
| ARKQ | Buy | MTLS | MATERIALISE | 31,321 |
| ARKW | Buy | NU | NU HOLDINGS/CAYMAN ISLANDS | 229,470 |
| ARKW | Sell | LPSN | LIVEPERSON | 94,200 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
24/7 Wall St.Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
