Cathie Wood’s ARK Invest increased its Robinhood stake after the platform was selected to operate government-backed “Trump Accounts” for youth savings and investment.
Cathie Wood’s ARK Invest has increased its exposure to Robinhood Markets, purchasing roughly $13 million worth of shares after the trading platform secured a role in a new government-backed savings initiative.
ARK’s Tuesday trade disclosures show a fresh accumulation of Robinhood shares across multiple funds. ARK Innovation ETF (ARKK) led the charge, purchasing 132,116 HOOD shares. Additional buying came from the ARK Next Generation Internet ETF (ARKW), which added 33,607 shares, and the ARK Fintech Innovation ETF (ARKF), which picked up 16,918 shares.
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