Key Notes

On October 22, Ark Invest revealed that it purchased 167,489 Robinhood shares for $21 million.

The shares were acquired through Ark Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW).

Robinhood has been making an effort towards the expansion of its operations.

Top asset management firm Ark Invest has invested $21 million into the acquisition of Robinhood Markets (NASDAQ: HOOD) stock. This marks another routine rebalancing of its financial portfolio. Noteworthy, the stocks were distributed across two of the firm’s Exchange Traded Funds (ETFs).

Acquisition and Offloads of Robinhood Stock

In an Oct. 22 disclosure, Cathie Wood’s Ark Invest revealed that it acquired $21.3 million worth of Robinhood Markets shares through Ark Innovation ETF (ARKK) and ARK Next Gene

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