On Wednesday.
Cathie Wood-led Ark Invest made significant trades involving Robinhood Markets Inc (NASDAQ:HOOD) and Kodiak AI Inc (NGM: KDK).
The Robinhood Trade Ark Invest's flagship fund, ARK Innovation ETF (BATS:ARKK), executed a notable sale of 89,915 Robinhood shares on Wednesday.
The sale, valued at approximately $7.8 million, comes amid Robinhood's recent positive performance.
Robinhood's stock has been on the rise following its May trading update, which highlighted a significant increase in average daily trading volume and net deposits.
