10/29/2023 0 Comments Meta etf robinhoodAll viewers agree that under noĬircumstances will BNK Invest, Inc. Transaction, or investment strategy is suitable for any specific person. None of the information contained herein constitutes a recommendation that any particular security, portfolio, or any of its affiliates, subsidiaries or partners. Nothing in ETF Channel is intended to be investment advice, nor does it represent the opinion of, counselįrom, or recommendations by BNK Invest Inc. HOOD - Key Stats (updated 6 hours, 13 minutes ago)ĭividendRank'ed Dow Transports ComponentsĮnergy Stocks You Can Buy Cheaper Than Insiders DidĬrossing Above Their 200 Day Moving AverageĬrossing Below Their 200 Day Moving AverageĮTFs Holding HOOD | Robinhood Markets Inc | ETF Channel | |Ĭopyright © 2009 - 2023, All Rights Reserved Co.'s users have ownership of the securities, including those that collateralize margin loans, and cryptocurrencies transacted on Co.'s platform. Co.'s Cash Management product, which places uninvested customer cash with FDIC-insured banks and offers a competitive interest rate (and also includes Robinhood-branded debit cards), complements Co.'s brokerage offering. Co.'s cyptocurrency trading platform offers commission-free buying and selling of cryptocurrency. Co.'s primary core product offering is its retail investing platform. The ETF has gained about 56% this year.Robinhood Markets facilitates the purchase and sale of equities, options and cryptocurrencies through its platform by routing transactions through market makers. On the other hand, the firm bought 338,232 shares of Robinhood through ARKF and ARKW valued at $22.03 million.Īrk's flagship ETF ARKK closed Friday's session at $48.57, up 2.14%, according to Benzinga Pro data. Half-yearly position in Coinbase is 12.12 million shares, valued at $867.32 million. After being a buyer in Coinbase for much of this year, Ark sold the stock in two sessions this week. Coinbase is a cryptocurrency exchange, while retail trading giant Robinhood trades in cryptocurrency.Īrk through ARKK, ARKW and Ark Fintech Innovation ETF ARKF, sold 478,356 shares of Coinbase, valued at $50.38 million shares. The latest 13F filing by Ark showed that the firm through its funds held 199,745 Meta shares, valued at $57.32 million by the end of the June quarter.Ĭrypto-Linked Trades: Wood's firm did a pair trade in Coinbase Global Inc. Meta, which has found much success with aping most successful features and apps of rivals, has recently launched a Twitter clone, Threads.Īrk bought Meta for the first time since 2021 on June 12 and has been adding the stock to its portfolio sporadically. More importantly, the improving outlook for its core advertising business and TikTok's woes amid the U.S.'s clampdown have worked in favor of the Zuckerberg-led company. The company is also a beneficiary of the excitement around AI technology. The stock is the second-best performer among S&P 500 companies this year, having added about 157%.ĬEO Mark Zuckerberg's focus on efficiency and the resultant job cuts has made the company leaner and more efficient. Meta has been a comeback story in 2023 as the company overcame the fundamental and economic challenges it faced for much of 2022. The purchases would have been valued at $25.44 million based on the stock's closing price of $308.87 on Friday. Meta Buy: Ark Invest, through its Ark Innovation ETF ARKK and Ark Next Generation Internet ETF ARKW, bought 82,352 shares of Meta. META shares and also transacted in a couple of crypto-linked stocks. Cathie Wood's Ark Invest, on Friday, bought a chunk of Meta Platforms Inc.
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