Robinhood Markets Inc. may have performed poorly after its initial public offering, but it got some high-profile support from Cathie Wood.
Wood’s flagship ARK Innovation exchange-traded fund (ticker ARKK) purchased almost 1.3 million shares of the company on Thursday, according to Ark Investment Management’s daily trading report. At Robinhood’s closing price of $34.82, that gives the ETF a more than $45 million stake.
