Cathie Wood’s Ark Invest Scoops Up 2.2M Falling Robinhood Shares

Cathie Wood’s Ark Invest Scoops Up 2.2M Falling Robinhood Shares
Cathie Wood’s ARK Investment Management picked up a large number of Robinhood (NASDAQ: HOOD) shares on Wednesday, despite the platform’s poor crypto revenues earnings.The move came as Robinhood shares fell roughly 8% on Tuesday after the zero-commission trading platform missed badly on revenue expectations.ARKK, an exchange-traded fund that seeks to invest in “disruptive innovation,” saw 1,728,431 shares added to its portfolio with a fund weighting of roughly 0.28%, according to an ARK Trade Notification on Wednesday.The ARKW fund, which invests primarily in technologies associated with the “next generation internet,” saw a further 320,211 shares added Wednesday.Meanwhile, ARKF, a fund that…