Cathie Wood’s ARK Invest Buys Over 2.5 Million Shares of Palantir

Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Monday. In particular, four funds bought over 2.5 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR), as moves in 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 Fintech Innovation ETF (NYSEARCA: ARKF): 375,968 shares
• ARK Innovation ETF (NYSEARCA: ARKK): 1,086,826 shares
• ARK Next Generation Internet ETF (NYSEARCA: ARKW): 1,051,051 shares
• ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX): 61,624 shares.

At Monday’s closing price, this would have valued all these purchases at more than $63.1 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 39% and 49% in the past year.

Here’s a look at all of ARK Invest’s purchases on Monday, including Palantir:

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.

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