Cathie Wood’s ARK Invest Buys Nearly 500,000 More Shares of Robinhood
Two ARK Invest exchange-traded funds run by ETF star Cathie Wood have bought nearly $14 million worth of shares of Robinhood Markets Inc. (NASDAQ: HOOD). These funds added nearly 500,000 more shares altogether on Tuesday. This was as prices of these ETFs gained around 2% in Tuesday’s session, though these funds are up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) bought 278,355 shares of Robinhood, and ARK Next Generation Internet ETF (NYSEARCA: ARKW) bought 221,389 shares. At Tuesday’s closing price, this would value these purchases at roughly $13.8 million altogether. This is only a small fraction of the total holdings. The funds are up between 5% and 10% in the past year.
Check out all of ARK Invest’s buys for Tuesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | DKNG | DRAFTKINGS | 313,699 |
| ARKF | TOST | TOAST | 136,697 |
| ARKF | STNE | STONECO | 517,833 |
| ARKF | HOOD | ROBINHOOD MARKETS | 278,355 |
| ARKG | SURF | SURFACE ONCOLOGY | 93,013 |
| ARKG | SDGR | SCHRODINGER | 177,712 |
| ARKG | PACB | PACIFIC BIOSCIENCES OF CALIFORNIA | 352,967 |
| ARKG | BNR | BURNING ROCK BIOTECH | 96,815 |
| ARKG | BFLY | BUTTERFLY NETWORK | 586,994 |
| ARKG | ADPT | ADAPTIVE BIOTECHNOLOGIES | 615,945 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS | 538,573 |
| ARKK | NVTA | INVITAE | 282,668 |
| ARKK | MTLS | MATERIALISE | 84,768 |
| ARKK | EXAS | EXACT SCIENCES | 411,502 |
| ARKK | CRSP | CRISPR THERAPEUTICS | 64,595 |
| ARKQ | VLD | VELO3D | 898,684 |
| ARKQ | NIU | NIU TECHNOLOGIES | 12,917 |
| ARKQ | MKFG | MARKFORGED | 142,070 |
| ARKQ | ACHR | ARCHER AVIATION | 668,983 |
| ARKW | ZM | ZOOM VIDEO COMMUNICATIONS | 106,537 |
| ARKW | VUZI | VUZIX | 183,465 |
| ARKW | ROKU | ROKU | 40,801 |
| ARKW | NNDM | NANO DIMENSION | 986,600 |
| ARKW | MNDY | MONDAY.COM | 45,756 |
| ARKW | HOOD | ROBINHOOD MARKETS | 221,389 |
| ARKW | GENI | GENIUS SPORTS | 881,741 |
| ARKW | CND | CONCORD ACQUISITION | 235,842 |
| ARKX | PLTR | PALANTIR TECHNOLOGIES | 51,576 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
ALSO READ: Top Strategist Says Health Care Could Rule in 2022: 5 Dividend Winners
Get Our Free Investment Newsletter
Source: Read Full Article