Cathie Wood’s ARK Invest Buys Over 1.85 Million Shares of Robinhood

A few of ARK Invest exchange-traded funds run by ETF star Cathie Wood bought over 1.8 million shares of Robinhood Markets Inc. (NASDAQ: HOOD) altogether on Friday, as the prices of these ETFs were down over 1% in Friday’s session. These funds are up a fair amount in the past year.

ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 213,484 shares of Robinhood, while ARK Innovation ETF (NYSEARCA: ARKK) bought 1,287,788 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) added 353,630 shares. At Friday’s closing price, this would have valued these purchases at roughly $65.2 million altogether. This is only a small fraction of the total holdings. ARKF is up roughly 43% in the past year. ARKK and ARKW are up 52% or so in that time.

Check out all of ARK Invest’s buys for Friday:

ARKFHOODRobinhood Markets213,484
ARKGSGFYSignify Health35,124
ARKGFATEFate Therapeutics77,889
ARKGEXASExact Sciences79,839
ARKGRPTXRepare Therapeutics11,025
ARKKPACBPacific Biosciences of California263,353
ARKKHOODRobinhood Markets1,287,788
ARKKEXASExact Sciences69,673
ARKKBEAMBeam Therapeutics80,161
ARKQIRDMIridium Communications126,690
ARKWKVSBKhosla Ventures Acquisition II198,000
ARKWHOODRobinhood Markets353,630

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of

ALSO READ: Why Big Oil With Big Dividends Is the Best Energy Trade Now

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article