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.
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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.
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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