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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Cathie Wood Doubles Down On Shopify, Buys The Dip — Dumps $4.6 Million Worth Of Robinhood Stock At Peak

Robinhood Shopify HOOD SHOP ARK ARKK Ark Invest Robinhood Markets, Inc. Shopify Inc Ira Lichi
Russia,Moscow,24.06.2021,Logo,Of,Financial,Investing,Fund,Ark,Invest

Cathie Wood-led Ark Invest made notable trades on Wednesday, focusing on Shopify Inc. (NYSE:SHOP) and Robinhood Markets Inc. (NASDAQ:HOOD).

The Shopify Trade: Ark Invest made significant purchases of Shopify shares across multiple ETFs, including ARK Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). The firm acquired a total of 36,058 shares of Shopify. This move aligns with Ark’s continued interest in high-growth technology and e-commerce sectors, as seen in their recent trades. On Wednesday, Shopify shares ended the day at $113.89, making the Ark transactions worth $4.11 million.

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