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

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

A Historic Gold Announcement Is About to Rock Wall Street - Ad

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Kevin O'Leary, a prominent investor from "Shark Tank" and a vocal President Donald Trump's supporter, recently sparked controversy by referring to Rep. Alexandria Ocasio-Cortez (D-N.Y.) as "the American nightmare" during a discussion, highlighting deep divisions over economic success, wealth accumulation, and the meaning of the American dream.

Eric Trump Warns Banks Could Be 'Extinct In 10 Years' If They 'Don't Watch What's Coming,' Touting Blockchain As 'Better' Alternative

Eric Trump criticizes traditional banks as slow and expensive, says they could disappear in 10 years if they don't adapt.

Is Trump Working Against America??

Is Trump Working Against America?? - Ad

As the market lost $5 trillion, Trump called it a "great time to get rich." Was it reckless--or part of a shocking master plan? Critics don't see it, but the real story behind Trump's move could change everything. A major twist is coming by June 17th-don't miss this.

US Stock Futures Fall After Tuesday Rally, But History Favors Bulls: Markets Rose 9 Of Last 10 Mays, Says Expert

U.S. stock futures are down Wednesday morning, despite major averages ending up on Tuesday, and the S&P 500 and Dow Jones notching their sixth-straight day in the green, the longest streak for the indexes in months.

Warren Buffett's Favorite 'Single Best Measure' For Equities Flashes Buying Signal As US Stocks Rebound

Warren Buffett's favored "Buffett Indicator" suggests U.S. equities may be undervalued, signaling a potential buy opportunity as stocks rebound.

You Can Take a Stake in Elon's xAI Before June 1st...

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

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

What's Going On With Oddity Tech Stock Wednesday?

ODDITY Tech Ltd. (NASDAQ:ODD) shares are moving higher Wednesday after the company reported better-than-expected first-quarter earnings Tuesday after the market close.

Kraft Heinz lowers sales outlook for the year, weighed down by consumer uncertainty and tariffs

Kraft Heinz lowered its full-year sales and earnings guidance Tuesday, citing weaker customer spending in the U.S. and the impact of President Donald Trump’s .

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.

Warren Buffett To Step Down as Berkshire Hathaway CEO by End of Year, Asks Board To Confirm Greg Abel as Successor (CORRECTED)

Warren Buffett shocked attendees at the Berkshire Hathaway annual meeting on Saturday by announcing that he will step down as CEO by the end of the year, with Greg Abel set to succeed him.

US robot makers hope to beat China in humanoid race. Tariffs could affect their ambitions

BOSTON (AP) — weren't on the agenda of this week's Robotics Summit, where thousands of tech industry workers mingled with humanoid and other robot varieties and talked about how to build and sell a new generation of increasingly autonomous machines.

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.

Judge Blocks Trump Order Targeting Law Firm Perkins Coie

A federal judge has invalidated an executive order issued by President Donald Trump that was aimed at the prestigious law firm, Perkins Coie.

Asian shares rise after gains on Wall Street as corporate profits pile higher

Shares were mixed Wednesday in Asia after U.S. stocks rose again as companies reported stronger-than-expected profits.

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.

Kentucky Derby 2025: How To Watch, Betting Odds, And Horses Backed By Dutch Bros Founder, John Malone, George Soros

A look at the betting odds for the 2025 Kentucky Derby and some of the famous horse owners hoping to win.

Apple Ordered To Ease App Store Rules In US — Epic Games CEO Tim Sweeney Proposes Peace Deal, Saying 'We'll Return Fortnite' And Drop All Litigation Only If...

Epic Games CEO Tim Sweeney offered to bring Fortnite back to the App Store and end litigation if Apple agrees to global changes in its payment practices.

The Cross-Chain Giant Set for 1,000%+ Gains

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

This multi-chain protocol's volume is exploding while its price is still under the radar. Institutions are moving in fast-get our urgent report before retail wakes up.

Dogecoin, Shiba Inu Spike But Floki And Bonk Are Stars Of Monday's Meme Rally

Memecoins were up in the green Monday overnight, with Floki and Bonk leading the charge following Bitcoin's (CRYPTO: BTC) reclaim of $95,000.

The EU seeks to halt Russian gas imports by the end of 2027 and ban new contracts already this year

BRUSSELS (AP) — The European Union should halt imports of Russian natural gas by the end of 2027 to deprive President Vladimir Putin of revenue that helps fuel his , the bloc’s executive branch said Tuesday.

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!

Musk defends his work as he prepares to wind down at DOGE but gives hazy answers on future

WASHINGTON (AP) — , preparing to step back from his work leading the , had a request of the reporters gathered at the White House to interview him: Before he would answer any questions, he wanted someone to tell him a joke.

UN official urges Israel to lift aid blockade of Gaza and calls it 'cruel collective punishment'

JERUSALEM (AP) — The United Nations’ emergency relief coordinator urged Israel on Thursday to lift its blockade of aid into the Gaza Strip, saying the amounts to “cruel collective punishment.”

Have You Seen this Strange Elon Musk Device?

Have You Seen this Strange Elon Musk Device? - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

Pony AI, Hims & Hers And Frontdoor Are Among Top 11 Mid-Cap Gainers Last Week (Apr 28-May 2): Are The Others In Your Portfolio?

Top performers last week: PONY, HIMS, ODD, MTSR, CGON, KNSA, KC, FTDR, ATI, PRDO, and IRTC. Have you invested in them?

Atlassian Stock Tanks On Q3 Earnings As Soft Q4 Guidance Overshadows Better-Than-Expected Results

Atlassian shares are tumbling in Thursday's after-hours session on the heels of the company's fiscal third-quarter results. Here's a look at the highlights from the quarter.

Government Moves + Nvidia Deals = AI Infrastructure Tailwinds

Government Moves + Nvidia Deals = AI Infrastructure Tailwinds - Ad

From Trump's Stargate initiative to NVIDIA's $500B bet, AI infrastructure is now strategic. This company is positioned at the heart of the buildout.

Terra Chips Maker Hain Celestial Seeks Strategic Options For Business, Announces CEO Transition, Stock Tanks

Hain Celestial (NASDAQ:HAIN) posted a disappointing Q3 FY25, with revenue down 11% YoY to $390.35M and EPS missing at $0.07 vs. $0.13 expected. North American organic sales dropped 10%, hitting snacks and baby categories.

S&P Rally May Be Topping Out, Dan Niles Warns, Amid Demand Pull-In, Economic Uncertainty, And 'Sell The News' Risk

Fund manager Dan Niles suggests the recent stock market rally may be running out of steam as pull-forward demand artificially boosted first-quarter results and economic uncertainties mount.

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.

European court tells Serbia to 'prevent the use of sonic weapons' after protesters' claims at rally

BELGRADE, Serbia (AP) — The European Court of Human Rights said on Wednesday that Serbia "should prevent the use of sonic weapons or similar devices" for crowd control following claims that during a huge

Trump has threatened a 100% tariff on movies made outside the US. Here's what we know

NEW YORK (AP) — President Donald Trump is eyeing Hollywood for his next round of tariffs, threatening to levy all films produced outside the U.S. at a

Powering Ai's Future? One Company Is Already Doing It

Powering Ai's Future? One Company Is Already Doing It - Ad

Massive compute demand is choking AI's growth. While others wait, this firm is building infrastructure now-with elite GPUs and long-term contracts.

Andy Jassy Pushes For Start-Up Mindset At Amazon: 'When You Get Larger...You Can Get Slowed Down'

Amazon.com Inc. (NASDAQ: AMZN) CEO Andy Jassy reinforced his mission to return the e-commerce giant to its startup roots during remarks at the Harvard Business Review Leadership Summit on Monday, emphasizing improved collaboration from the company's return-to-office mandate and streamlined management.

Warren Buffett's CEO Challenge: 'Which Of Your Competitors' Stocks Would You Buy?'

Warren Buffett shares investment advice that includes asking CEOs questions about their competition.

The AI Bottleneck Is Real-and One Firm Is Solving It

The AI Bottleneck Is Real-and One Firm Is Solving It - Ad

AI is scaling fast-but infrastructure is lagging. This firm isn't just aware of the problem, it's building the solution: servers, GPUs, and strategic AI deployments. NVIDIA noticed. Investors should too.

After a year of turmoil, The Washington Post is taking note of its journalism again

NEW YORK (AP) — After a brutal year of headlines about The Washington Post, executive editor Matt Murray sounded almost relieved to be talking about journalism.

Los Angeles homeowners begin to rebuild after devastating wildfires

LOS ANGELES (AP) — Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to rebuild.

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.

Donald Trump Downplays Allies' Roles in World Wars, Credits US for Victories: 'We Won Both Wars, Nobody Was Close To Us'

In a recent post on Truth Social, President Trump claimed that the United States played a significantly larger role in winning both World Wars than its allies.

Trending Now

UnitedHealth CEO, Other Insiders Buy Millions In Stock As It Sinks Over 23% In A Week: Move Gets 'Mixed' Reaction

Marjorie Taylor Greene Goes Stock Shopping Again: Here Are 50+ Stocks The Congresswoman Bought

Nvidia's Ecosystem May Have Found a New Rising Star - Ad

Super Micro Computer Suffers 80% Fall From AI Peak, Traders Wary Ahead Of Q3 Earnings

Can Trump Loyalist David Perdue Crack the China Code? Trump Ally Lands in Beijing Hot Seat

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

Trump: Harvard's Not a School, It's a 'Political Entity' That Should Be Taxed

Jeep, Dodge Owner Stellantis Extends Employee Pricing Till June As Auto Sector Grapples Tariff Uncertainty: Report

This Coin Could Surge Like Bitcoin Did Back in 2013... - Ad

Asia Mixed, Europe Markets Gain; Gold Softens On Easing Tensions - Global Markets Today While US Slept

Donald Trump's Support Tanks Early in Second Term — Poll Numbers Paint Grim Picture

Trump's Crypto Blueprint Unveils This Infrastructure Powerhouse - Ad

Elon Musk Reacts After Ray Dalio Warns Of US Decline, US Retailers Push Chinese Suppliers To Resume Shipments And More: This Week In Economics

Scaramucci Calls Sam Bankman-Fried Revelation Worst Day of His Career: 'I Trusted the Guy, I Liked Him'

He Called Bitcoin to $100k... Now He Says This Coin Is Next - Ad

Waldencast Q1 Preview: Beauty Brand Glow Dims On Soft Margins, Flat Sales

GM Q1 Earnings On Tap: 2025 Could Be The Year 'Margins Surprise'

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Applied Digital (APLD) Secures $150M Preferred Equity Deal: What's Going On?

Ann Telnaes, who quit Washington Post in protest, wins Pulitzer for 'fearlessness' in commentary

A Historic Gold Announcement Is About to Rock Wall Street - Ad

Super Micro Computer Stock Is Tumbling Wednesday: What's Going On?

Tempus AI (TEM) Stock Lower Ahead Of Q1 Earnings Report, Notetaker AI Debut

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

McDonald's store traffic falls unexpectedly as diners grow uneasy about economy

Cheap parcels from China will no longer be duty-free. Here's what it means for buyers and sellers

Is Trump Working Against America?? - Ad

Zio Demand Drives 20% Revenue Growth For iRhythm, Bullish Sentiment Builds Among Analysts

Chinese singles are looking for love in video chats — with thousands following along in real time

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

Amazon's Tesla Robotaxi Rival Zoox Recalls 270 Driverless Vehicles Following Las Vegas Crash In April: Report

Cathie Wood-Backed Tempus AI Says Pharma Contracts Solid Despite Biotech Funding Challenges, Tariff Pressures

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

Warren Buffett Expresses Disappointment Over Dollar Depreciation: Don't Want To Own Assets In A Currency That Is 'Really Going To Hell'

India and Pakistan don’t fight wars like other countries. Here’s why

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

Wall Street CEOs Pull The 'Trump Tariff' Card: Is Macro Fear The New Excuse For Weak Guidance?—Asks Leading Fund Manager

Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Now Says Elon Musk 'Remotely Disabled' The Militarized EV

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

Throngs of admirers fill an arena to get Warren Buffett's take on tariffs and Berkshire Hathaway

In battle against transgender rights, Trump targets HUD’s housing policies

The Cross-Chain Giant Set for 1,000%+ Gains - Ad

Desperate children and adults in Gaza struggle to get food as Israel blocks aid

Sotheby's postpones auction of jewels associated with Buddha after backlash from India's government

Elon Musk Drops Stunning Bombshell? - Ad

Stocks Pause Gains As Treasury Yields Rise: What's Driving Markets Monday?

Instacart Q1 Earnings: Revenue, EPS Come Up Short Despite 14% Order Growth — 'Groceries Aren't Discretionary — They're Essential'

Have You Seen this Strange Elon Musk Device? - Ad

Florida lawmakers approve changes to condo safety law passed after Surfside collapse

Asian shares rise as China says it's considering US overtures on Trump's tariffs

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.