Cathie Wood’s ARK Invest Sells Over 1.8 Million Shares of Palantir
A couple of Cathie Wood's Ark Invest exchange-traded funds sold over 1.8 million shares of Palantir on September 23.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, these funds sold over 1.8 million shares of Palantir Technologies Inc. (NASDAQ: PLTR | PLTR Price Prediction), as the price of these ETFs were up about 1% on the day. Note that they are up a fair amount in the past year.
ARK Innovation ETF (NYSEARCA: ARKK) sold 1,461,495 shares of Palantir and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 375,718 shares. At Thursday’s closing price, this would have valued this sale at roughly $52.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up 38% in the past year and the other is up 46%.
Check out all of ARK Invest’s sales for Thursday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | CDXS | CODEXIS | 16,760 |
| ARKG | CLLS | CELLECTIS | 7,628 |
| ARKG | NVS | NOVARTIS | 157,464 |
| ARKG | SMFR | SEMA4 | 19,527 |
| ARKK | TER | TERADYNE | 564,192 |
| ARKK | U | UNITY SOFTWARE | 171,947 |
| ARKK | PRLB | PROTO LABS | 28,800 |
| ARKK | PLTR | PALANTIR TECHNOLOGIES | 1,461,495 |
| ARKK | NTLA | INTELLIA THERAPEUTICS | 19,950 |
| ARKK | NTDOY | NINTENDO | 51,209 |
| ARKK | NSTG | NANOSTRING TECHNOLOGIES | 400 |
| ARKK | IRDM | IRIDIUM COMMUNICATIONS | 50,400 |
| ARKQ | U | UNITY SOFTWARE | 11,900 |
| ARKW | PLTR | PALANTIR TECHNOLOGIES | 375,718 |
| ARKW | U | UNITY SOFTWARE | 38,664 |
[nativounit]
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.
[recirclink id=959860][wallst_email_signup]
Contact [email protected] for any questions or corrections.
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.
