Cathie Wood's Tuesday Bet: Ark Loads Up On More Robinhood Stock Amid Platform Expansion
Benzinga (Tue, 01-Apr 9:44 PM)
On Tuesday, Cathie Wood-led Ark Invest made notable trades, including a significant purchase of Robinhood Markets Inc. (NASDAQ:HOOD). This move follows recent strategic investments by Ark in Robinhood, highlighting its growing interest in the financial services platform.
The Robinhood Trade
Ark Invest’s ARK Innovation ETF (NYSE:ARKK) fund added 7,798 shares of Robinhood on Tuesday. The purchase comes shortly after Ark’s substantial acquisition of 249,423 shares of Robinhood on Friday. On Monday, Ark bolstered this position by adding another ...
