Cathie Wood’s ARK Invest Sells Nearly 400,000 Shares of Palantir
One of Cathie Wood's Ark Invest exchange-traded funds sold nearly 400,000 shares of Palantir on November 1.
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 | PLTR Price Prediction), 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.
[in-text-ad]
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.
[nativounit]
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.
[recirclink id=983934][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.
