Investing
Cathie Wood's ARK Invest Sells Nearly 850,000 More Shares of Palantir
November 3, 2021 8:05 am
After selling more than $10 million worth of Palantir Technologies Inc. (NASDAQ: PLTR) shares the day before, one of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made another huge sale on Tuesday. Specifically, this fund parted with nearly 850,000 more shares, as the price of this fund was down over 1% on the day. Note that this ETF is up a fair amount in the past year.
It was ARK Next Generation Internet ETF (NYSEARCA: ARKW) that sold 847,901 shares of Palantir. At Tuesday’s closing price, this would have valued this sale at roughly $22.0 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 45% in the past year.
Check out all of ARK Invest’s sales for Tuesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | PINS | 136,973 | |
| ARKG | NSTG | NANOSTRING TECHNOLOGIES | 122,145 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 232,200 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 8,174 |
| ARKK | TSLA | TESLA | 80,100 |
| ARKQ | LMT | LOCKHEED MARTIN | 7,700 |
| ARKW | U | UNITY SOFTWARE | 159,900 |
| ARKW | PLTR | PALANTIR TECHNOLOGIES | 847,901 |
| ARKX | U | UNITY SOFTWARE | 18,410 |
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.
24/7 Wall St.Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Editors' Picks
