Cathie Wood Buys $25M In Robinhood On Monday — Here Are The Other Key Trades

Ark Investment Management, led by Cathie Wood, purchased $25M worth of shares in Robinhood Markets Inc HOOD on Monday.

Robinhood shares fell nearly 3% in the regular session on Monday at $27.07. The shares were largely unchanged in the after-hours trading.

Ark purchased 572,717 Robinhood shares valued at nearly $15.5 million via the ARK Innovation ETF ARKK. Wood also purchased 342,346 Robinhood shares worth $9.3 million through the Ark Fintech Innovation ETF ARKF. The two purchases amounted to approximately $24.8 million.

See Also: How To Buy Stocks On Robinhood

Robinhood has been in the news lately over testing wallets for Dogecoin DOGE/USD, a cryptocurrency with large retail following. Some in the community are speculating whether the brokerage is the owner of the Dogecoin address holding 4.1 billion DOGE.

Ahead of Monday’s trade, ARKK and ARKF held nearly 13.2 million shares of Robinhood worth $356.74 million.

Here are a few other Ark Invest trades from Monday:

Purchased 475,825 shares of Palantir Technologies Inc PLTR through ARKQ.

Sold 168,432 shares Tencent Holdings Ltd TCEHY through ARKF.

Sold 184,850 shares of JD.Com Inc JD through ARKF.

Purchased 419,669 shares of Pacific Biosciences of California Inc PACB through ARKK.

Sold 334,800 shares of Unity Software Inc U through ARKK, 185,740 shares through ARKQ and 14,130 shares through ARKX.

Purchased 29,094 shares of BYD Co Ltd BYDDY via ARKQ.