Cathie Wood's Ark Invest Purchases $9.5M Worth Of Robinhood Shares, Downsizes Holdings Of Grayscale Bitcoin Investment Trust
Portfolio Pulse from Benzinga Neuro
Cathie Wood's Ark Invest purchased over $9.5 million worth of shares in Robinhood Markets Inc (NASDAQ:HOOD), despite its mixed third-quarter earnings report. The shares were purchased through ARK Innovation ETF (NYSE:ARKK), ARK Next Generation Internet ETF (NYSE:ARKW), and Ark Fintech Innovation ETF (NYSE:ARKF). Ark also increased stakes in Pacific Biosciences of California (NASDAQ:PACB) and 10X Genomics Inc (NASDAQ:TXG), sold Roku Inc (NASDAQ:ROKU) shares, and divested from Bitcoin Investment Trust (OTC:GBTC).
November 09, 2023 | 4:42 am
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POSITIVE IMPACT
ARKK was used as a vehicle for Ark Invest's recent trades, indicating continued confidence in the ETF.
ARKK was used for purchasing Robinhood shares and increasing stakes in PACB and TXG, indicating Ark Invest's confidence in the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ark Invest's purchase of Robinhood shares signals confidence in the company's growth trajectory.
The purchase of Robinhood shares by Ark Invest, despite mixed Q3 earnings, indicates a bullish stance on the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ark Invest's increased stake in PACB indicates a bullish stance on the company.
Ark Invest's increased stake in PACB through ARKK and ARKG indicates confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ark Invest's increased stake in TXG indicates a bullish stance on the company.
Ark Invest's increased stake in TXG through ARKK and ARKG indicates confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
ARKF was used for Ark Invest's recent trades, including the purchase of Robinhood shares and the sale of ROKU shares.
ARKF was used for both purchasing and selling activities, indicating a balanced investment strategy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
ARKW was used for Ark Invest's recent trades, including the purchase of Robinhood shares and the sale of GBTC.
ARKW was used for both purchasing and selling activities, indicating a balanced investment strategy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest's divestment from GBTC may indicate a bearish stance on the asset.
Ark Invest's sale of GBTC through ARKW may indicate a lack of confidence in the asset's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ark Invest's sale of ROKU shares may indicate a bearish stance on the company.
Ark Invest's sale of ROKU shares through ARKK and ARKF may indicate a lack of confidence in the company's future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70