Cathie Wood’s ARK snaps up $80M Robinhood shares after crypto led price dip -Breaking
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ARK Invest (investment management firm that focuses exclusively on the development of innovative tech) took advantage Wednesday’s dip in Robinhood’s stock price and bought Robinhood (NASDAQ.:) stock worth nearly $80 million.
Daily trading Data, Wood’s ARK purchased a total of 2.24 million shares of Robinhood across three of Ark’s ETF funds, with the majority of shares going to the flagship fund ARK Innovation ETF. Robinhood currently accounts for 1.33% in the Innovation ETF.
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