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), 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 |
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.
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