ARK Invest buys the dip in Robinhood, investing 9.1 million USD to increase its holdings

According to CoinDesk, Cathie Wood's ARK Invest purchased approximately $9.1 million worth of Robinhood (HOOD) shares on Wednesday, increasing its holdings by 99,418 shares, distributed among the ARKK, ARKW, and ARKF ETFs.

This is ARK's largest purchase of Robinhood shares since April 29, and it is the first increase since September 8.