One ARK Invest exchange-traded fund run by ETF star Cathie Wood bought over 360,000 shares of Robinhood Markets Inc. (NASDAQ: HOOD) 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.
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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