Key Highlights
- Robinhood pioneered commission-free trading but has since expanded into a range of other banking and financial tools.
- Robinhood's stock has had a phenomenal year, but it also now trades at a high valuation.
- 10 stocks we like better than Robinhood Markets › In mid-December, Cathie Wood of ARK Invest snapped up shares of the popular retail brokerage Robinhood (NASDAQ: HOOD) to the tune of $13.4 million.
- That's not an insignificant buy, considering ARK's Blockchain & Fintech Innovation ETF owns over $59 million of Robinhood stock.
- Robinhood is now the fund's fourth-largest holding, accounting for roughly 5.2% of its investments.
