Ark Invest Doubles Down on Robinhood with $16 Million HOOD Stock Buy

Cathie Wood’s Ark Invest has taken another major step in their support for Robinhood, purchasing an additional 150,908 shares of the company’s stock. This purchase brings the organization’s total stake to nearly $16.2 million and follows a pattern of increasing their holdings over recent trading days. The news was revealed in Ark Invest’s most recent filing, marking the third consecutive day they have purchased more shares. 📈 📚 Ark Invest views this investment as a long-term commitment, reflecting its belief in Robinhood’s potential to thrive across both traditional stock trading and the burgeoning cryptocurrency landscape.