Ark Invest was an investment management company that focuses on innovation technology and Cathie Wood. They took advantage of a Wednesday price drop to purchase Robinhood stock worth nearly $80million.

Daily trading Don’t forget to enter the 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 now controls 1.33% (ETF) of Innovation’s exchange-traded fund.