ARK Invest Starts Accumulating Meta and Robinhood Shares

ARK Invest Starts Accumulating Meta and Robinhood Shares



ARK Invest has been steadily accumulating shares of Meta since June, following the announcement of the company's new social media app, Threads, which has quickly gained popularity and become the fastest-growing app globally.



Recently, the ARK Innovation ETF made a notable move by acquiring 82,352 shares of Meta on Friday, valued at over $25 million based on the closing price of $308.87 per share. This decision aligns with Meta's impressive performance as the second-best performer among S&P 500 companies this year, with a substantial growth of approximately 157%.



Related: Why the SEC Holds Key Importance in the Crypto World in 2023?



In addition to Meta, other ARK Invest ETFs also made significant purchases. The ARK Fintech Innovation ETF (ARKF) acquired 111,843 shares of Robinhood, while the ARK Innovation ETF (ARKK)


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#ARK, #Cryptonewstoday, #Meta, #Robinhood

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