Cathie Wood Invests $14.8M in Robinhood Shares After $695 Platinum Card Launch
Ark Invest’s ARKK ETF bought 158,259 Robinhood shares after the invite-only $695 Platinum card launch, plus 5,267 and 20,407 shares in fintech and internet ETFs for a $14.8 million total. The firm also bought 60,829 Joby Aviation shares in robotics ETF and 33,205 in space ETF after Q4 earnings beat.
1. Robinhood Share Purchase
Ark Invest’s ARKK ETF acquired 158,259 Robinhood shares following the launch of the invite-only Platinum card with a $695 annual fee. ARKF and ARKW added 5,267 and 20,407 Robinhood shares, respectively, bringing total Ark Invest exposure to approximately $14.8 million.
2. Joby Aviation Acquisition
Ark’s robotics ETF (ARKQ) bought 60,829 Joby Aviation shares and its space ETF (ARKX) added 33,205 shares after Joby reported a fourth-quarter loss of $0.14 per share versus a $0.20-per-share loss estimate and revenue growth of $30.78 million year-over-year.
3. Other ETF Trades
Ark Invest also reduced Roku holdings by selling 67,092 shares across its core ETFs, added 58,048 DraftKings shares in its internet innovation ETF, and shed 131,400 Iridium Communications shares in its technology and space ETFs.