Cathie Wood’s ARK Invest Sells Over 700,000 Shares of Palantir
One of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Wednesday. Specifically, this fund sold over 700,000 shares of Palantir Technologies Inc. (NASDAQ: PLTR), as the price of this fund was down 1% on the day. Note that this fund is up a fair amount in the past year.
ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 710,825 shares of Palantir. At Wednesday’s closing price, this would have valued this sale at roughly $18.7 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 84% in the past year.
Check out all of ARK Invest’s sales for Wednesday as well:
| Fund | Ticker | Company | Shares |
|---|---|---|---|
| ARKG | CSTL | Castle Biosciences | 26,900 |
| ARKG | PSTI | Pluristem Therapeutics | 1,679 |
| ARKQ | RAVN | Raven Industries | 116,575 |
| ARKQ | GLEO | Galileo Acquisition | 1,600 |
| ARKW | LC | LendingClub | 158,535 |
| ARKW | PLTR | Palantir Technologies | 710,825 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and non-voting shareholder of 24/7 Wall St.
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