Cathie Wood Watch: Ark Buys Robinhood Again

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The Street

By Dan Weil Wood’s flagship Ark Innovation ETF has descended 34% over the past year, but has rebounded 24% so far this year. Famed money manager Cathie Wood, chief executive of Ark Investment Management, is nothing if not consistent. She bought two of her big name stocks Tuesday and sold another one, repeating trades of recent weeks. DON’T MISS: Cathie Wood’s Theory Behind Her Firm’s Tesla Investment Ark Next Generation Internet ETF (ARKW) – Get Free Report purchased 1,058,281 of online securities brokerage Robinhood Markets (HOOD) – Get Free Report, valued at $10 million as of Tuesday’s close…

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