Investing

Cathie Wood's ARK Invest Sells Over 700,000 Shares of Palantir

Wikimedia Commons

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.

Are You Ahead, or Behind on Retirement? (sponsor)

If you’re one of the over 4 Million Americans  set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: are you ahead, or behind on your retirement goals?

Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With SmartAsset’s free tool, you can connect with vetted financial advisors in minutes.

Why wait? Click here to get started today!

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.