Cathie Wood Is Doubling Down on Robinhood Stock Cathie Wood's trade in Robinhood Markets has reignited interest in the fintech company, which has struggled to maintain momentum after its first quarter earnings report in April.
The ARK Innovation ETF, managed by Wood, has been steadily increasing its position in HOOD with two significant buys worth $3. 5 million and $3. 3 million on September 4 and 8, respectively.
This move has pushed HOOD into the top 10 holdings of ARKK, accounting for a 4. 17% portfolio weight. The buying reflects growing optimism around Robinhood's prediction markets, banking, and crypto businesses.