5 ETFs Popular on Robinhood

In this article, we discuss the 5 ETFs popular on Robinhood. If you want to read about some more ETFs popular on Robinhood, go directly to 10 ETFs Popular on Robinhood.

5. ARK Fintech Innovation ETF (NYSE:ARKF)

ARK Fintech Innovation ETF (NYSE:ARKF) is an exchange traded fund that invests at least 80% of net assets in domestic or foreign securities that fall under the fintech innovation theme of the fund. It is an actively-managed, non-diversified fund. 

A premier holding of the ARK Fintech Innovation ETF (NYSE:ARKF) is Block, Inc. (NYSE:SQ), a California-based payments firm. At the end of the fourth quarter of 2021, 96 hedge funds in the database of Insider Monkey held stakes worth $5.9 billion in Block, Inc. (NYSE:SQ), compared to 98 in the preceding quarter worth $8.8 billion. 

In its Q4 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Block, Inc. (NYSE:SQ) was one of them. Here is what the fund said:

“High exposure to lagging E-commerce companies and underperformance of Block, Inc. (NYSE:SQ) in the Payments theme were the only material detractors from relative performance. E-commerce stocks lagged as a return to in-store shopping caused online shopping growth to moderate. Block, Inc. (NYSE:SQ) was the second largest detractor due to slowing growth in the Cash App segment and greater skepticism about the growth prospects for the pending acquisition of Afterpay.”