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.”
4. Renaissance IPO ETF (NYSE:IPO)
Renaissance IPO ETF (NYSE:IPO) is an exchange traded fund that invests at least 80% of net assets in an index that tracks companies that recently completed an initial public offering (IPO). The fund only invests in firms trading on exchanges in the United States.
Renaissance IPO ETF (NYSE:IPO) has invested heavily in Coinbase Global, Inc. (NASDAQ:COIN), a fintech firm catering to the crypto-economy that went public last year. Among the hedge funds being tracked by Insider Monkey, New York-based firm ARK Investment Management is a leading shareholder in Coinbase Global, Inc. (NASDAQ:COIN) with 5.4 million shares worth more than $1.3 billion.
In its Q4 2021 investor letter, Longleaf Partners Fund, an asset management firm, highlighted a few stocks and Coinbase Global, Inc. (NASDAQ:COIN) was one of them. Here is what the fund said:
“We also have seen plenty of IPO/SPAC craziness showing both that private players need public markets more than they admit and that there is more volatility embedded in these newer companies than a private quarterly mark might admit. As for how efficient both the private and public markets are, we would encourage you to really delve into some of those multi-hundred-page S1s for many of the newest public companies to see the huge gap between the last valuation at which the company was funded and/or granted shares to its executives and the often much higher price at which the company went public – Coinbase Global, Inc. (NASDAQ:COIN) is a prime example.”
3. First Trust US Equity Opportunities ETF (NYSE:FPX)
First Trust US Equity Opportunities ETF (NYSE:FPX) is an exchange traded fund that invests at least 90% of net assets in an index that tracks 100 of the largest and typically most liquid initial public offerings. The fund is non-diversified.
One of the biggest holdings of the First Trust US Equity Opportunities ETF (NYSE:FPX) is Snap Inc. (NYSE:SNAP), a California-based camera company. Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Lone Pine Capital is a leading shareholder in Snap Inc. (NYSE:SNAP) with 33 million shares worth more than $1.5 billion.
In its Q4 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Snap Inc. (NYSE:SNAP) was one of them. Here is what the fund said:
“Snap Inc. (NYSE:SNAP) is the leading social network among teens and young adults in North America and a growing number of overseas markets, including Western Europe and India. Shares fell this quarter on a greater-thananticipated impact from Apple’s new privacy changes for iOS mobile devices. These changes made it more difficult for Snapchat to measure the effectiveness of ads shown on its platform. We believe this is a near-term, industry-wide issue for which Snap is already developing a solution. Longer term, we continue to view Snap Inc. (NYSE:SNAP) favorably as the company sustains its rapid pace of product innovation and expands its premium partnerships with advertisers.”
2. Global X FinTech ETF (NASDAQ:FINX)
Global X FinTech ETF (NASDAQ:FINX) is an exchange traded fund that invests at least 80% of total assets in securities on an index that tracks the performance of firms that provide financial technology and related services in developed markets.
A flagship holding of the Global X FinTech ETF (NASDAQ:FINX) is PayPal Holdings, Inc. (NASDAQ:PYPL), a business that provides digital payment solutions. At the end of the fourth quarter of 2021, 110 hedge funds in the database of Insider Monkey held stakes worth $9.9 billion in PayPal Holdings, Inc. (NASDAQ:PYPL), compared to 123 in the preceding quarter worth $12.8 billion.
In its Q4 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and PayPal Holdings, Inc. (NASDAQ:PYPL) was one of them. Here is what the fund said:
“PayPal Holdings, Inc. (NASDAQ:PYPL) enables digital payments for consumers and merchants worldwide. Shares fell after the company reported lower-than-expected quarterly results, and reduced guidance due to the faster roll-off of eBay’s processing business and slowing e-commerce growth as stores reopen. Shares were also pressured by rumors of a potential acquisition of Pinterest, as well as broader weakness across payment stocks during the quarter. We believe the share price decline is overdone given quarterly revenue growth of 25% (excluding eBay), and PayPal’s unmatched global scale with 416 million active accounts. We continue to own the stock because we believe PayPal Holdings, Inc. (NASDAQ:PYPL) is a prime beneficiary of the secular growth of e-commerce and digital financial services.”
1. Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV)
Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is a non-diversified exchange traded fund that tracks the investment returns of an index that comprises companies working in the electric vehicles and autonomous driving sector.
One of the top holdings of the firm is NVIDIA Corporation (NASDAQ:NVDA), the microchip maker from California. At the end of the fourth quarter of 2021, 110 hedge funds in the database of Insider Monkey held stakes worth $10.4 billion in NVIDIA Corporation (NASDAQ:NVDA), up from 83 in the previous quarter worth $10 billion.
In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and NVIDIA Corporation (NASDAQ:NVDA) was one of them. Here is what the fund said:
“During the fourth quarter, the ClearBridge Global Growth Strategy outperformed its MSCI ACWI benchmark. The Strategy delivered gains across eight of the nine sectors in which it was invested (out of 11 total), with the information technology (IT) and industrials sectors the primary contributors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022. Bucking the headwinds among our emerging growth names was NVIDIA Corporation (NASDAQ:NVDA), which saw continued sales momentum from their leadership positions in the key growth areas of graphics processing units for gaming and data centers.”
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