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.
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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:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PLTR | PALANTIR TECHNOLOGIES | 397,549 |
| ARKF | PINS | 437,081 | |
| ARKG | TXG | 10X GENOMICS | 53,045 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 101,857 |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 206,800 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 308,854 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 28,433 |
| ARKG | VEEV | VEEVA SYSTEMS | 46,778 |
| ARKQ | LMT | LOCKHEED MARTIN | 10,400 |
| ARKQ | U | UNITY SOFTWARE | 90,958 |
| ARKW | PYPL | PAYPAL | 1,855 |
| ARKX | NVDA | NVIDIA | 372 |
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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