Cathie Wood’s ARK Invest Buys Nearly 700,000 Shares of Palantir
A couple of Cathie Wood's ARK Invest ETFs bought nearly 700,000 shares of Palantir on August 20.
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A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Friday. Specifically, these funds bought nearly 700,000 shares of Palantir Technologies Inc. (NASDAQ: PLTR | PLTR Price Prediction), as the price of the funds gained about 1% on the day. Note that these ETFs are up a fair amount in the past year.
ARK Fintech Innovation ETF (NYSEARCA: ARKF) purchased 389,496 shares of Palantir, and ARK Autonomous & Robotics ETF (NYSEARCA: ARKQ) bought 294,500 shares. At Friday’s closing price, this would have valued this purchase at roughly $16.4 million. Even though this is a small fraction of the total holdings, every little bit counts. The share price of these funds is up more than 30% in the past year .
Check out all of ARK Invest’s buys for Friday as well:
| Fund | Ticker | Company Name | Shares Traded |
|---|---|---|---|
| ARKF | PLTR | PALANTIR TECHNOLOGIES | 389,496 |
| ARKF | PATH | UIPATH | 54,779 |
| ARKG | FATE | FATE THERAPEUTICS | 105,042 |
| ARKG | BEAM | BEAM THERAPEUTICS | 34,871 |
| ARKG | SMFR | SEMA4 | 203,932 |
| ARKG | MASS | 908 DEVICES | 5,325 |
| ARKG | RPTX | REPARE THERAPEUTICS | 2,935 |
| ARKG | QSI | QUANTUM-SI | 7,856 |
| ARKG | ZY | ZYMERGEN | 2,601 |
| ARKK | FATE | FATE THERAPEUTICS | 292,854 |
| ARKK | SRNG | SOARING EAGLE ACQUISITION | 273,629 |
| ARKK | BEAM | BEAM THERAPEUTICS | 5,190 |
| ARKK | SGFY | SIGNIFY HEALTH | 18,900 |
| ARKK | TSP | TUSIMPLE | 1,970 |
| ARKK | VCYT | VERACYTE | 455 |
| ARKQ | PLTR | PALANTIR TECHNOLOGIES | 294,500 |
| ARKQ | AVAV | AEROVIRONMENT | 10,588 |
| ARKQ | MKFG | MARKFORGED | 116,408 |
| ARKQ | KMTUY | KOMATSU | 28,711 |
| ARKQ | BLDE | BLADE AIR MOBILITY | 22,603 |
| ARKQ | SPFR | JAWS SPITFIRE ACQUISITION | 11,547 |
| ARKW | FTCH | FARFETCH | 366,216 |
| ARKW | GENI | GENIUS SPORTS | 84,860 |
| ARKW | KVSB | KHOSLA VENTURES ACQUISITION II | 33,367 |
| ARKW | LPSN | LIVEPERSON | 1,001 |
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Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
