Cathie Wood Doubles Down: Mops Up Another $1.39 Million Worth Of Robinhood Stock Amid Trump Tariff Dip

Shivdeep Dhaliwal

April 03, 2025

On Thursday, Cathie Wood-led Ark Invest made a significant move by purchasing shares of Robinhood Markets Inc. (NASDAQ:HOOD). This strategic investment comes as Robinhood continues to expand its platform, enhancing its financial services offerings.

The Robinhood Trade

Ark Invest purchased 36,250 shares of Robinhood on Thursday. The trade, executed through the ARK Innovation ETF (NYSE:ARKK), amounted to approximately $1.39 million based on Robinhood’s last closing price of $38.26. The stock corrected by over 10% amid a broader market slump triggered by the imposition of trade tariffs by President Donald Trump. This move follows a series of investments by Ark in Robinhood.

On Wednesday, Ark purchased 6,875 shares of Robinhood through ARKK. That trade was valued at roughly $293,425. The Wood-led firm has consistently been purchasing the stock this week. On Monday, it mopped up Robinhood shares worth $1.32 million, while on Tuesday it added 7,798 shares worth $328,764.

Robinhood is undergoing a significant transformation, as it recently launched an integrated suite of financial services. This includes the introduction of Robinhood Banking, which offers checking and savings accounts with a competitive 4% annual percentage yield. The service also provides Federal Deposit Insurance Corporation insurance coverage up to $2.5 million through Coastal Community Bank, a subsidiary of Coastal Financial Corp. This expansion aims to attract retail investors seeking more sophisticated private banking and investment solutions.

Other Key Trades:

Sold 41,130 shares of UiPath Inc (NYSE:PATH) from the ARKF and another 302,251 shares from ARKW.
Sold 119,913 shares of Repare Therapeutics Inc (NASDAQ:RPTX) from the ARKG.
Bought 21,209 shares of GitLab Inc (NASDAQ:GTLB) through the ARKK.
Bought 6,222 shares of GitLab Inc (NASDAQ:GTLB) through the ARKW and 21,209 shares via ARKK.

Image via Shutterstock

Read Next:

Trump Reportedly Considers Raising Taxes On Ultra-Wealthy Striking Rare Common Ground With Ideological Rivals Bill Gates, Bernie Sanders

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Recommended

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

Nvidia Is About to Shock the World: July 23rd - Ad

You Can Take a Stake in Elon's xAI Before May 1st... - Ad

In pain so bad he couldn’t stand, Chris Meek was rushed to the hospital with a life-threatening ruptured gallbladder. When he emerged from surgery, he learned he had kidney cancer that thankfully hadn’t yet spread.

Boeing Stock Jumps On Bernstein Upgrade: Is The Company Back On Track?

Boeing stock is trading higher on Monday after Bernstein upgraded the stock from a Market Perform rating to a Outperform rating and raised its price target from $181 to $218.

Trump Exec Order to Help Restore Wealth for American Citizens?

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

What's Going On With Verizon (VZ) Stock During Monday's Session?

Verizon shares are trading marginally higher during Monday's session, following Friday's drop. The stock dropped last week in reaction to rival T-Mobile US earnings.

Asian shares inch higher as uncertainty over US tariffs persists

HONG KONG (AP) — Asian markets inched higher in cautious trading on Monday as investors watched to see what may come of negotiations over U.S. President Donald Trump’s tariffs.

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

How bugs and beet juice could play roles in the race to replace artificial dyes in food

ST. LOUIS (AP) — As pressure grows to get out of the U.S. food supply, the shift may well start at Abby Tampow’s laboratory desk.

The EPA is allowing the sale of cheaper, higher-ethanol E15 gasoline across the US this summer

TOPEKA, Kan. (AP) — Consumers across the U.S. still will be able to buy this summer, the Environmental Protection Agency announced Monday, saving them a little money at the pump but risking potential damage to the air and water.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

FDA scrutiny of Novavax COVID-19 vaccine sparks uncertainty about other shots

WASHINGTON (AP) — The Trump administration's new requirements on — the nation's only for the coronavirus — is sowing uncertainty about updates to other vaccines, too.

How to save for short-term goals while keeping long-term ones in mind

You shouldn’t have to cross your fingers and hope for a strong stock market to coincide with your short-term goals. And right now, .

Trump to Unlock 15-Figure Fortune for America (May 3rd)?

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

Fortress Palantir: Former Insider Explains How PLTR Could Conquer The AI-Defense Battlefield Despite Pricing Puzzles And Competition

A former Palantir Technologies Inc. (NASDAQ: PLTR) employee offers a brief primer on the enterprise AI company's products, pricing, and prospects over the next few years, particularly in defense and AI.

UroGen Pharma Touts Four-Year Response With Urothelial Cancer Drug Study, Highlights Potential For Bladder Cancer Candidates

UroGen Pharma reports strong long-term data for Jelmyto and UGN-102 in cancer studies and shares promising early results for UGN-301 in bladder cancer.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

Trump's Greenland Ambitions Get Rebuked: Prime Minister Says'The Talks From The United States Have Not Been Respectful'

Greenland's Prime Minister rebukes US for disrespectful approach to acquisition talks, emphasizing the territory will never be sold while Danish leadership affirms support

Revolutionary $20,000 Electric Truck Hits the Market, Stripping Down to the Basics

Michigan-based Slate Auto is preparing to shake up the EV market with the introduction of its minimalist, highly affordable electric truck, the Slate Truck, which is priced under just $20,000.

Elon's Optimus Could Mint New American Millionaires

Elon's Optimus Could Mint New American Millionaires - Ad

Elon Musk's upcoming Optimus robot could turn him into the world's first trillionaire. Morgan Stanley has already gone on record to say that Optimus could be part of a $30 trillion opportunity... And one Silicon Valley insider has uncovered a way for Americans to potentially profit from Optimus BEFORE it gets rolled out.

Amazon launches its first internet satellites to compete against SpaceX's Starlinks

CAPE CANAVERAL, Fla. (AP) — Amazon’s first batch of rocketed into orbit Monday, the latest entry in the mega constellation market currently dominated by SpaceX's .

Elon Musk's DOGE Saves $160 Billion But Could Lead To Billions In Hidden Costs For Taxpayers, Warns New Analysis: 'Public...Will End Up Paying For This'

The Department of Government Efficiency (DOGE), spearheaded by Elon Musk, has reportedly saved $160 billion by eliminating wasteful government spending. However, a recent analysis reveals the amount that DOGE's actions will cost taxpayers.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Romanians confront a deluge of online disinformation ahead of a presidential election rerun

BUCHAREST, Romania (AP) — Romanians are confronting a deluge of online disinformation ahead of a fraught , including ominous claims that the NATO member country is surging toward “imminent war” with Russia.

Tesla Prepares for Robotaxi Reveal in June, Insiders Share Secrets

Tesla is gearing up for its robotaxi debut in June.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Consumer Tech News (Apr 21-Apr 25): Microsoft's Copilot Gets a Sleek New Look, Apple Under Fire For 'Influence-Peddling' In US-China Trade & More

Sen. Elizabeth Warren requests answers from Apple Inc. CEO Tim Cook over alleged influence-peddling between Apple and Trump administration in trade negotiations with China. Tech companies release mixed earnings results.

Tesla, Palantir And Coinbase Are Among Top 11 Large-Cap Gainers Last Week (Apr 21-Apr 25): Are The Others In Your Portfolio?

These large-cap stocks had strong gains last week. Mobileye, ServiceNow, and Microchip saw the biggest jumps, while Tesla and Robinhood also rose.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Bill Gates Says 'Luckily' His Daughter Phoebe Gates Never Asked Him To Back Her Business

Bill Gates is glad his daughter Phoebe never asked him to back her business, as it could have complicated their relationship.

A massive explosion and fire strikes Iranian port and injures at least 281 people

TEHRAN, Iran (AP) — The number of injured from an explosion Saturday at a port in southern Iran jumped to 281, the state-run IRNA news agency reported.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs!

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Betting Odds For Pope Francis Replacement Show Two Favorites, Plus This Global Event Has MLB Bettors Backing Nick Castellanos To Hit Home Runs

Pope Francis has died at the age of 88 leaving a vacancy for the position of the global head of the Catholic Church.

Shaq Regrets Ignoring Phil Jackson's Advice That Might Have Extended His Career: 'I Wish I Had Listened To Him'

Shaquille O'Neal, the basketball legend, has recently revealed a career-defining regret in his autobiography.

One Coin to Rule Them All...

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

Plug Power, Pony AI, Wolfspeed, Nvidia, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices ended the day mixed on Monday. The Dow Jones Industrial Average gained 0.3% to 40,227.59.

NEW THIS WEEK: Huge Energy Discovery In Utah

NEW THIS WEEK: Huge Energy Discovery In Utah - Ad

The Department of Energy says it could power America for millions of years, and both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested.

As US Credit Card Debt Soars, Record Number Of Americans Rely On Minimum Payments Amid Recession Fears And Trump Tariffs

A record-high percentage of U.S. households are making only minimum payments on their credit cards, according to new data released by Apollo Global Management Inc. Chief Economist Torsten Slok.

Cramer's Warning: Tariff Chaos Could Derail Tech Earnings Frenzy This Week

Jim Cramer is preparing investors for another action-packed week on Wall Street, packed with earnings reports from major tech players and key economic updates.

A "Backdoor" Way to Claim a Stake in Elon's Optimus Before Its Launch

A "Backdoor" Way to Claim a Stake in Elon's Optimus Before Its Launch - Ad

In 2017, Elon Musk went on record to say his Optimus could be "capable of doing anything". One Silicon Valley insider has identified a little-known "backdoor" way to invest in Optimus before its launch. This under-the-radar play could deliver astronomical returns - and you can get started with as little as $100.

With China and the US at intense economic odds, nations are being forced to choose sides

WASHINGTON (AP) — One went to the United States. The other went to China. It was a sign of the times.

Trending Now