One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Monday. Specifically, this fund sold nearly 400,000 shares of Palantir Technologies Inc. (NASDAQ: PLTR), as the price of this fund was up nearly 2% on the day. Note that this ETF is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 397,549 shares of Palantir. At Monday’s closing price, this would have valued this sale at roughly $10.6 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 33% in the past year.
Check out all of ARK Invest’s sales for Monday as well:
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.