Cathie Wood’s ARK Invest Buys Nearly 800,000 Shares of Robinhood
One of Cathie Wood's ARK Invest exchange-traded funds bought nearly 800,000 shares of Robinhood on December 30.
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought nearly 800,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD | HOOD Price Prediction) on Thursday. The price of this ETF gained over 3% in Thursday’s session, but it still is down a fair amount in the past year.
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It was the ARK Innovation ETF (NYSEARCA: ARKK) that added 793,511 shares of Robinhood. At Thursday’s closing price, this would have valued this purchase at roughly $14.4 million. This is only a small fraction of the total holdings. The fund is down roughly 23% in the past year.
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Check out all of ARK Invest’s purchases for Thursday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | SURF | SURFACE ONCOLOGY | 23,723 |
| ARKG | BEAM | BEAM THERAPEUTICS | 5,200 |
| ARKG | CGEN | COMPUGEN | 66,398 |
| ARKG | CRSP | CRISPR THERAPEUTICS | 10,000 |
| ARKG | MASS | 908 DEVICES | 100 |
| ARKG | PSNL | PERSONALIS | 1,100 |
| ARKG | SGFY | SIGNIFY HEALTH | 100 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS | 132,682 |
| ARKK | TWOU | 2U | 9,093 |
| ARKK | TDOC | TELADOC HEALTH | 2,056 |
| ARKK | SSYS | STRATASYS | 25 |
| ARKK | SQ | BLOCK | 194,675 |
| ARKK | NVTA | INVITAE | 4,329 |
| ARKK | DKNG | DRAFTKINGS | 543,221 |
| ARKK | CRSP | CRISPR THERAPEUTICS | 31,800 |
| ARKK | HOOD | ROBINHOOD MARKETS | 793,511 |
| ARKQ | MTLS | MATERIALISE | 5,376 |
| ARKQ | TWOU | 2U INC | 8,000 |
| ARKW | TWOU | 2U | 14,300 |
| ARKX | BLDE | BLADE AIR MOBILITY | 206 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
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Contact [email protected] for any questions or corrections.
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.
