ARK Invest increased its holdings of approximately 140,000 shares of Robinhood stock, equivalent to $1.2 million.
According to a report by The Block on November 28th, Cathie Wood's ARK Invest purchased 143,063 shares of Robinhood stock for its Ark Fintech Innovation ETF, worth approximately $1.2 million. In addition, ARK Invest also increased its holdings of Robinhood stock by 93,297 shares (approximately $780,000) for its ARK Next Generation Internet fund last Friday.