Cathie Wood’s ARK Invest Buys Over 1.2 Million More Shares of Palantir
A few of Cathie Wood's ARK Invest funds bought over 1.2 million shares altogether of Palantir on November 10.
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A day after some ARK Invest exchange-traded funds run by ETF star Cathie Wood scooped up more than $36 million worth of Palantir Technologies Inc. (NASDAQ: PLTR | PLTR Price Prediction) shares, a few of those funds were back at it on Wednesday. Specifically, three funds bought over 1.2 million more shares, as the price of the ETFs dropped anywhere from 1% to 3% on the day. Note that all three are up a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) purchased 905,352 shares of Palantir, ARK Autonomous & Robotics ETF (NYSEARCA: ARKQ) bought 121,510 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) picked up 224,988 shares. At Wednesday’s closing price, this would have valued these purchases at roughly $28.2 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The share prices of these funds are up between 25% and 42% in the past year.
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Check out all of ARK Invest’s buys for Wednesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | TOST | TOAST | 167,263 |
| ARKG | ALLO | ALLOGENE THERAPEUTICS | 467,234 |
| ARKG | NTLA | INTELLIA THERAPEUTICS | 52,175 |
| ARKG | VERV | VERVE THERAPEUTICS | 15,989 |
| ARKK | VCYT | VERACYTE | 150,094 |
| ARKK | PLTR | PALANTIR TECHNOLOGIES | 905,352 |
| ARKK | MTLS | MATERIALISE | 29,389 |
| ARKQ | MKFG | MARKFORGED | 1,000 |
| ARKQ | PLTR | PALANTIR TECHNOLOGIES | 121,510 |
| ARKQ | VLD | VELO3D | 16,580 |
| ARKW | PLTR | PALANTIR TECHNOLOGIES | 224,988 |
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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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.
