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

Elon Musk Drops Stunning Bombshell? - Ad

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

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

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.

Top "60 Minutes" producer quits, saying he can no longer run the show as he has

NEW YORK (AP) — The top producer at “60 Minutes” said Tuesday that he is quitting the show, saying that it has become clear that he would no longer be able to run it as he has in the past.

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.

Despite a court order, White House bars AP from Oval Office event

Despite a court order, a reporter and photographer from The Associated Press were barred from an Oval Office news conference on Monday with President Donald Trump and his counterpart from El Salvador, Nayib Bukele.

Nvidia Stock Could Get Boost From Another Jensen Huang Keynote Speech: Here's The Date And Details

Nvidia CEO Jensen Huang is set to give a keynote speech at an upcoming Taiwan conference on AI.

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.

Trump Family Deepens Crypto Ties With Nearly $1 Billion on the Line

The Trump family has made substantial investments in the cryptocurrency industry.

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.

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.

Surveillance video shows New York-to-Paris flight stowaway slipping past gate agents

NEW YORK (AP) — The woman who was able to sneak onto a New York-to-Paris flight without a boarding pass late last year was able to get on the plane by glomming onto a group of ticketed passengers as they passed gate agents, new surveillance video shows.

Man Arrested For Arson At Pennsylvania Governor's Residence, Josh Shapiro Says, 'This Kind Of Violence Has Become Far Too Common'

A man was arrested for a targeted arson attack on Pennsylvania Governor Josh Shapiro's residence while he and his family were inside, prompting attempted murder and terrorism charges.

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!

Meet the Key Five People Who Are Shaping Trump's Economic Agenda

In the midst of a broad tariff agenda that has caused turmoil in financial markets, President Trump is relying on a diverse group of economic advisers to guide his policies.

Elon Musk's Tesla Reportedly Manipulating Odometers To Dodge Warranty Repairs

Tesla is facing lawsuit over odometer manipulation. Plaintiff claims premature warranty expiration, seeking damages for California Tesla drivers.

Elon's Greatest Invention... Hidden in South Memphis?

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Tech legend Jeff Brown recently traveled to the industrial zone of South Memphis to investigate what he believes will be Elon's greatest invention ever... Yes, even bigger than Tesla or SpaceX.

Odyssey Marine Exploration Stock Surges On Continued Momentum: What's Going On?

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) shares are trading higher Thursday, extending the momentum from a major intraday spike driven by reports of a forthcoming U.S. executive order favoring the deep-sea mining industry.

VinFast Auto Maintains EV Delivery Outlook Amid Macro Uncertainty Despite Q4 Margin Drag

VinFast posts wider-than-expected Q4 loss, revenue miss, and steep margin drop but maintains 2025 delivery growth target.

Nvidia Is About to Shock the World: July 23rd

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

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Decoding Jeff Bezos' Unique Amazon Interview Question: A Key To Hiring Success?

Jeff Bezos, during his time at Amazon, reportedly had an unconventional method of interviewing prospective employees, always posing them one unusual question: "Are you a lucky person?"

What's Going On With VeriSign Shares Friday?

VeriSign reported better-than-expected first-quarter earnings on Thursday after the market closed.

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.

Beyoncé Partnership, Strong Sales And Low China Exposure - Analyst Upgrades Levi Strauss To Buy

Levi Strauss & Co. (NYSE:LEVI) gets a bullish nod from BofA, highlighting its global brand strength, solid first-quarter results, and robust wholesale recovery. With low leverage and limited China risk, LEVI's diversified growth strategy fuel optimism.

Trump administration reverses long-held guidance on 'road diets' for traffic safety

A stylist was just starting her shift at a salon in Kansas City, Missouri, when a car smashed through the storefront window and landed in the waiting area a few feet away.

Musk's Chainsaw Could Fuel These 7 Stocks Higher (Buy Before April 30th)

Musk's Chainsaw Could Fuel These 7 Stocks Higher (Buy Before April 30th) - Ad

Elon Musk slashed Twitter's staff by 80%--now Trump's putting him in charge of cutting government bloat! The impact? MASSIVE. My insider network has pinpointed 7 stocks set to soar--but you must act before April 30th. Don't miss this historic shift!

Gentex Q1 Impacted By Tariff Uncertainty, Suspends Mirror Production For Chinese Market

Gentex shares fall as Q1 results reflect tariff pressures, prompting a halt in China-bound mirror production and a lowered 2025 sales outlook.

Market turmoil has many afraid to check retirement savings

NEW YORK (AP) — Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question if he could retire in a few years, there was only one solution.

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.

Wiz Khalifa Talks Smoking With Snoop, Dreaming Of Bob Marley, Riding Horses With Lenny Kravitz And Selling Weed In Germany

Editor’s note: This article was originally published in August 2024. It has been updated in April 2025 for clarity and to reflect changes in the German cannabis market.

Trump administration plans to end the IRS Direct File program for free tax filing, AP sources say

WASHINGTON (AP) — The Trump administration plans to eliminate the IRS' program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision.

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.

Maryland Senator Grabs National Spotlight With El Salvador Meeting With Deportee

Sen. Chris Van Hollen (D-Md.), a longtime but mostly low-profile legislator, has surged into the national spotlight following a trip to El Salvador to meet with Kilmar Abrego Garcia.

Why Barrick Gold Stock Is Trading Lower

Barrick Gold Corp (NYSE:GOLD) shares are trading lower by 4.5% to $19.08 during Wednesday’s session.

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

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

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Mark Cuban Once Revealed A Childhood Habit That His Automobile Upholsterer Father Was Happy About: 'I Don't Understand What You're Doing, But I'm Glad You're Doing It'

Mark Cuban's entrepreneurial journey began with his unconventional habit of reading about business figures like Ted Turner instead of watching movies, a passion that continues to fuel his success as he dives into artificial intelligence.

Most Americans Say Their Finances Are Getting Worse, Survey Finds

More than half of respondents now expect the stock market to decline, a reversal from earlier this year when optimism was stronger.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Ex-Abercrombie CEO has dementia and is unfit for sex trafficking trial, prosecutors and defense say

NEW YORK (AP) — The former CEO of Abercrombie & Fitch is suffering from dementia and isn't competent to , according to prosecutors and his lawyers.

Anthony Scaramucci Says 26 Years Ago Warren Buffett's Amazon Caution Cost Him Millions: Former Trump Official Sees Today's AI Hype As History Repeating

Anthony Scaramucci shared how Warren Buffett's caution in 1999 led him to miss out on millions in Amazon stock, and how he believes the current skepticism surrounding AI mirrors that same missed opportunity.

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.

Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs

TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.

Trending Now

Ex-Cellmate Says Epstein Was Offered Plea Deal for Information on Trump: 'Give Them Something on Trump To Get Him Impeached'

China May Hit US Where It Hurts Amid Trump's Tariff War — Services Trade In Crosshairs, With Walt Disney, IMAX And Warner Bros. Discovery In Focus

Trump Wishes Happy Easter To All Including 'Radical Left Lunatics' And 'Weak And Ineffective Judges': Truth Social Posts Gets Slammed

US Stock Futures Fall As Markets Brace For Earnings From Microsoft, Meta, Apple And Apple This Week: 'Earnings Estimates Don't Signal A Recession' Says Leading Analyst