Cathie Wood's Ark Invest Loads Up On Robinhood, Nvidia-Backed CoreWeave: Offloads Spotify, Roku

The Robinhood Trade: Ark Invest’s Ark Innovation ETF (NYSE:ARKK) purchased a substantial 249,423 shares of Robinhood.

Based on the closing price of $41.92 on the day of the trade, the value of this purchase is estimated to be around $10.45 million.

The Roblox Trade: On the same day, Ark Invest’s ARKK and ARK Next Generation Internet ETF (NYSE:ARKW) sold a combined total of 350,177 shares of Roblox Corp (NYSE:RBLX).

Given the closing price of $59.07, the value of the sold shares is approximately $20.7 million.

The CoreWeave Trade: Ark Invest’s ARKW ETF also bought a significant 411,875 shares of Nvidia Corp.-backed CoreWeave Inc.

Given the closing price of $59.07, the value of the sold shares is approximately $16.47 million.

Other Key Trades:

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo courtesy: Ark Invest

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