Ark Funding Administration, led by Cathie Wooden, bought $25M value of shares in Robinhood Markets Inc (NASDAQ:HOOD) on Monday.
Robinhood shares fell almost 3% within the common session on Monday at $27.07. The shares had been largely unchanged within the after-hours buying and selling.
Ark bought 572,717 Robinhood shares valued at almost $15.5 million by way of the ARK Innovation ETF (NYSE:ARKK). Wooden additionally bought 342,346 Robinhood shares value $9.3 million by way of the Ark Fintech Innovation ETF (NYSE:ARKF). The 2 purchases amounted to roughly $24.8 million.
See Additionally: How To Buy Stocks On Robinhood
Robinhood has been within the information these days over testing wallets for Dogecoin (CRYPTO: DOGE), a cryptocurrency with giant retail following. Some in the neighborhood are speculating whether or not the brokerage is the proprietor of the Dogecoin tackle holding 4.1 billion DOGE.
Forward of Monday’s commerce, ARKK and ARKF held almost 13.2 million shares of Robinhood value $356.74 million.
Listed here are a couple of different Ark Make investments trades from Monday:
Bought 475,825 shares of Palantir Applied sciences Inc (NYSE:PLTR) by way of ARKQ.
Offered 168,432 shares Tencent Holdings Ltd (OTC:TCEHY) by way of ARKF.
Offered 184,850 shares of JD.Com Inc (NYSE:JD) by way of ARKF.
Bought 419,669 shares of Pacific Biosciences of California Inc (NASDAQ:PACB) by way of ARKK.
Offered 334,800 shares of Unity Software program Inc (NYSE:U) by way of ARKK, 185,740 shares by way of ARKQ and 14,130 shares by way of ARKX.
Bought 29,094 shares of BYD Co Ltd (OTC:BYDDY) by way of ARKQ.