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.
[in-text-ad]
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.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
