Cathie Wood's ARK Invest Buys Over 180,000 Shares of Robinhood

Investing

Published: December 22, 2021 7:35 am

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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