Cathie Wood’s ARK Invest Buys Over 360,000 Shares of Robinhood
One of Cathie Wood's ARK Invest exchange-traded funds bought over 360,000 shares of Robinhood on December 16.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 360,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD | HOOD Price Prediction) 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.
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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.
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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.
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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.
