Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Tuesday. In particular, four funds bought nearly 1.5 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR), as the prices of these funds dropped on the day. Note that these ETFs are up a fair amount in the past year.
Specifically, the following funds purchased shares of Palantir:
- ARK Genomic Revolution ETF (NYSEARCA: ARKG): 290,548 shares
- ARK Innovation ETF (NYSEARCA: ARKK): 854,742 shares
- ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ): 116,335 shares.
- ARK Next Generation Internet ETF (NYSEARCA: ARKW): 222,350 shares
At Tuesday’s closing price, this would have valued all these purchases at more than $36.0 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 10% and 41% in the past year.
Here’s a look at all of ARK Invest’s purchases on Tuesday, including Palantir:
|ARKK||PACB||PACIFIC BIOSCIENCES OF CALIFORNIA||254,056|
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.