Cathie Wood’s ARK Invest Buys Over 180,000 Shares of Robinhood
One of Cathie Wood's ARK Invest exchange-traded funds bought over 180,000 shares of Robinhood on December 21.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 180,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD | HOOD Price Prediction) on Tuesday. The price of this ETF gained nearly 5% in Tuesday’s session, but it still is down a fair amount in the past year.
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It was the ARK Fintech Innovation ETF (NYSEARCA: ARKF) that added 181,717 shares of Robinhood. At Tuesday’s closing price, this would have valued this purchase at roughly $3.4 million. This is only a small fraction of the total holdings. The fund is down roughly 18% in the past year.
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Check out all of ARK Invest’s trades for Tuesday:
| Fund | Direction | Ticker | Name | Shares |
|---|---|---|---|---|
| ARKF | Buy | COIN | COINBASE GLOBAL | 23,414 |
| ARKF | Buy | DKNG | DRAFTKINGS | 3,242 |
| ARKF | Buy | HOOD | ROBINHOOD MARKETS | 181,717 |
| ARKF | Sell | 4689JP | Z HOLDINGS | 1,186,913 |
| ARKF | Sell | ADYENNA | ADYEN | 2,765 |
| ARKF | Sell | Z | ZILLOW | 20,659 |
| ARKG | Sell | IONS | IONIS PHARMACEUTICALS | 152,043 |
| ARKG | Sell | CDXS | CODEXIS | 184,851 |
| ARKK | Sell | IRDM | IRIDIUM COMMUNICATIONS | 200,096 |
| ARKK | Sell | TXG | 10X GENOMICS | 76,214 |
| ARKQ | Buy | NIU | NIU TECHNOLOGIES | 206,000 |
| ARKQ | Buy | PATH | UIPATH | 1,681 |
| ARKQ | Sell | U | UNITY SOFTWARE | 46,163 |
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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
