Cathie Wood’s ARK Invest Buys Over 5.6 Million Shares of Palantir

Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. In particular, six funds bought over 5.6 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR) on Thursday, as moves in the prices of these funds were mixed on the day. Note that these ETFs are up a fair amount in the past year.

Specifically, the following funds purchased shares of Palantir:

  • ARK Fintech Innovation ETF (NYSEARCA: ARKF): 370,643 shares
  • ARK Genomic Revolution ETF (NYSEARCA: ARKG): 1,727,500 shares
  • ARK Innovation ETF (NYSEARCA: ARKK): 2,295,428 shares
  • ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ): 559,054 shares
  • ARK Next Generation Internet ETF (NYSEARCA: ARKW): 587,952 shares
  • ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX): 61,748 shares.

At Thursday’s closing price, this would have valued all these purchases at more than $139.4 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 39% and 56% in the past year.

Here’s a look at all of ARK Invest’s purchases on Thursday, including Palantir:

FundTickerCompanyShares
ARKFDKNGDraftKings55,100
ARKFETSYEtsy27,834
ARKFPLTRPalantir Technologies370,643
ARKGSMFRSema4183,204
ARKGPLTRPalantir Technologies1,727,500
ARKGZYZymergen8,322
ARKGCRSPCRISPR Therapeutics25,000
ARKGSDGRSchrodinger164,583
ARKKVCYTVeracyte53,666
ARKKTSPTuSimple204,932
ARKKSGFYSignify Health153,790
ARKKPLTRPalantir Technologies2,295,428
ARKKBLIBerkeley Lights92,723
ARKQVUZIVuzix30,862
ARKQTSPTuSimple89,805
ARKQMKFGMarkforged155,800
ARKQPLTRPalantir Technologies559,054
ARKWLPSNLivePerson29,837
ARKWPLTRPalantir Technologies587,952
ARKXPLTRPalantir Technologies61,748

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

ALSO READ: Goldman Sachs Says Buy 3 Sizzling Stocks Now With Up to 150% Upside Potential


Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Source: Read Full Article