Spire Wealth Management significantly boosted its Robinhood stock holdings, joining other investors in buying into the trading platform.

Spire Wealth Management recently increased its holdings in Robinhood Markets, Inc. (HOOD) by 104.6%, now owning 1,074 shares valued at about $40,000. Several other institutional investors have also bought into Robinhood, including New Wave Wealth Advisors LLC, HM Payson & Co., and Eastern Bank. Notably, hedge funds and other institutional investors now own 93.27% of Robinhood's stock. Analysts have issued buy ratings and raised target prices for the stock, reflecting positive sentiment. Robinhood offers a platform for trading stocks, ETFs, and cryptocurrencies.

6 weeks ago
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