Ark Invest buys $15.4M of Robinhood, plus 13,700 shares of its ARKB ETF

On Thursday, Ark Invest purchased 124,427 Robinhood shares worth about $15.4 million across its ARKK and ARKW funds as the stock fell 9.1%. The firm also added 13,700 shares of its ARKB bitcoin ETF, roughly $417,000, and earlier on Dec. 2 bought $7.5 million of Coinbase for ARKK.