ARK Invest, the investment firm led by Cathie Wood, sold roughly $7.1 million worth of Robinhood (HOOD) stock on Tuesday, according to BlockBeats. The sale was carried out through two of the firm’s exchange-traded funds: the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW). The source report did not disclose the number of shares sold or the execution price. The transaction adds to the latest portfolio adjustment involving Robinhood within ARK’s ETF lineup.
ARK Invest, led by Cathie Wood, sold about $7.1 million worth of Robinhood (HOOD) shares on Tuesday through the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW), according to BlockBeats.
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