Ark Invest acquired approximately $39.4 million in Robinhood Markets shares, distributing the purchase of 553,892 shares across its three ETFs: Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF). The transaction took place on the same day Robinhood’s stock fell 13.2%, closing at $71.20, after reporting first-quarter results below expectations.
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