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

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.

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:

FundDirectionTickerNameShares
ARKFBuyCOINCOINBASE GLOBAL23,414
ARKFBuyDKNGDRAFTKINGS3,242
ARKFBuyHOODROBINHOOD MARKETS181,717
ARKFSell4689JPZ HOLDINGS1,186,913
ARKFSellADYENNAADYEN2,765
ARKFSellZZILLOW20,659
ARKGSellIONSIONIS PHARMACEUTICALS152,043
ARKGSellCDXSCODEXIS184,851
ARKKSellIRDMIRIDIUM COMMUNICATIONS200,096
ARKKSellTXG10X GENOMICS76,214
ARKQBuyNIUNIU TECHNOLOGIES206,000
ARKQBuyPATHUIPATH1,681
ARKQSellUUNITY SOFTWARE46,163

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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