Cathie Wood's Ark Invest Acquires $5.5M of Robinhood Shares Following Platform's First Profitable Quarter
Portfolio Pulse from Benzinga Neuro
Ark Invest, led by Cathie Wood, has purchased $5.6 million worth of Robinhood shares following the company's first profitable quarter. The shares were distributed across Ark's Fintech Innovation ETF, Innovation ETF, and Next Generation Internet ETF. Other trades included purchases of Pacific Biosciences, Adaptive Biotechnologies, Accolade Inc, Intellia Therapeutics, and Teradyne shares for various Ark ETFs.
August 04, 2023 | 2:50 pm
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POSITIVE IMPACT
Ark Invest's purchase of Accolade shares could potentially impact the stock's performance.
Ark Invest's purchase of Accolade shares could potentially impact the stock's performance, depending on the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Ark Invest's purchase of Adaptive Biotechnologies shares could potentially impact the stock's performance.
Ark Invest's purchase of Adaptive Biotechnologies shares could potentially impact the stock's performance, depending on the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Ark Fintech Innovation ETF has acquired Robinhood shares, which could potentially impact the ETF's performance.
The acquisition of Robinhood shares by Ark Fintech Innovation ETF could potentially impact the ETF's performance, depending on Robinhood's future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Innovation ETF has acquired Robinhood shares, which could potentially impact the ETF's performance.
The acquisition of Robinhood shares by Ark Innovation ETF could potentially impact the ETF's performance, depending on Robinhood's future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Next Generation Internet ETF has acquired Robinhood shares, which could potentially impact the ETF's performance.
The acquisition of Robinhood shares by Ark Next Generation Internet ETF could potentially impact the ETF's performance, depending on Robinhood's future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest's substantial purchase of Robinhood shares could boost investor confidence in the stock.
Ark Invest's purchase of Robinhood shares following the company's first profitable quarter could be seen as a vote of confidence in the company's future performance, potentially leading to increased demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest's purchase of Intellia Therapeutics shares could potentially impact the stock's performance.
Ark Invest's purchase of Intellia Therapeutics shares could potentially impact the stock's performance, depending on the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Ark Invest's purchase of Pacific Biosciences shares could potentially impact the stock's performance.
Ark Invest's purchase of Pacific Biosciences shares could potentially impact the stock's performance, depending on the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Ark Invest's purchase of Teradyne shares could potentially impact the stock's performance.
Ark Invest's purchase of Teradyne shares could potentially impact the stock's performance, depending on the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60