Cathie Wood's ARK ETF disclosed daily trades for Tuesday, April 7th. The firm acquired 182,641 shares of Robinhood Markets Inc. (NASDAQ: HOOD).
The total investment is valued at approximately $12.74 million. ARK distributed the purchase across the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF).
This move highlights ARK's continued conviction in the online trading platform's growth prospects.