Fund manager Cathie Wood’s Wood’s ARK Innovation ETF disclosed this week that it held around 4.9 million shares of Robinhood stock. This represents a weighting of 0.82% in the fund. Robinhood stock closed up 24.2% at 46.80 in the stock market today, putting the value of Wood’s holdings at $230 million. CNBC’s Jim Kramer also … Continue reading “Robinhood Shares Explode After Cathie Wood Reveals a Buy”
Author: Sophia Vida
Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
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