Ark Invest Increases Holding of Robinhood Stock by Nearly $2 Million Since Last Week

On Monday, Ark Invest increased its holdings in Robinhood by 143,063 shares through its Ark Fintech Innovation ETF, with a value of approximately $1.2 million. Additionally, Ark also added 93,297 shares of Robinhood stock through its ARK Next Generation Internet Fund last Friday, equivalent to about $780,000.

The pre-market trading price for Robinhood stock is currently $8.41, experiencing a decrease of over 8% this month and only a 1.57% increase for the year. According to TradingView data, the stock has risen approximately 16% from its historical low of $7.19 but has declined about 85% from its peak of $55.01 in August 2021.