The No. 1 Holding on Robinhood Is Expected to Soar by 646%, According to a Prominent Money Manager (and It's Not Nvidia or Apple!)
The most held stock on Robinhood is an industry-leading company that's ridden its first-mover advantages into the recurring profit column.
Though online trading was possible for institutional investors in the 1980s, it wasn't until the proliferation of the internet in the mid-1990s that the ability to buy and sell stocks became commonplace for everyday investors.
While institutional investing, which includes high-frequency trading, still accounts for a majority of trading activity on Wall Street, retail investors are becoming an increasingly larger piece of the pie -- and brokerages have taken notice.
Among the long list of online brokerages, none has catered to the retail investing crowd quite like Robinhood. The ability to make fractional-share purchases, buy stocks with no commission fees, and receive free shares of stock upon signing up for and funding an account, have made Robinhood particularly popular among retail investors.
