One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 180,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) 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.
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.
Check out all of ARK Invest’s trades for Tuesday:
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.