Ark Invest added 143,063 shares of Robinhood stock through its Ark Fintech Innovation ETF on Monday, worth about $1.2 million. In addition, Ark also increased its holdings of 93,297 Robinhood shares through its ARK Next Generation Internet Fund on Friday, equivalent to approximately US$780,000.
Robinhood stock is currently trading at $8.41 premarket, down more than 8% this month and up just 1.57% for the year. The stock is currently up about 16% from its all-time low of $7.19 and down about 85% from its August 2021 peak of $55.01, according to TradingView data. (The Block)