ZOOM - Cathie Wood-Led Ark Invest Sells $1.5M Worth Of Robinhood Shares Amid Muted Bitcoin Market — Also Dumps Zoom Stock Worth $3.3M | Benzinga
Ark Invest, led by Cathie Wood, made significant trades on Wednesday involving Robinhood Markets Inc (NASDAQ:HOOD) and Zoom Video Communications Inc (NASDAQ:ZM).
The Robinhood Trade
Ark Invest sold 64,706 shares of Robinhood, valued at approximately $1.53 million, through the Ark Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW). This move comes after the company recently reduced its holdings in Robinhood amid market fluctuations. The company’s shares are currently trading higher following the announcement of its May operating data.
Notably, the Robinhood trade took place on a day Bitcoin (CRYPTO: