Some ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge purchases on Thursday. In particular, six funds bought over 5.6 million shares altogether of Palantir Technologies Inc. (NYSE: PLTR) on Thursday, as moves in the prices of these funds were mixed 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): 370,643 shares
- ARK Genomic Revolution ETF (NYSEARCA: ARKG): 1,727,500 shares
- ARK Innovation ETF (NYSEARCA: ARKK): 2,295,428 shares
- ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ): 559,054 shares
- ARK Next Generation Internet ETF (NYSEARCA: ARKW): 587,952 shares
- ARK Space Exploration & Innovation ETF (NYSEARCA: ARKX): 61,748 shares.
At Thursday’s closing price, this would have valued all these purchases at more than $139.4 million. Even though this is a small fraction of the total holdings, every little bit counts. These funds are up between 39% and 56% in the past year.
Here’s a look at all of ARK Invest’s purchases on Thursday, including Palantir:
Fund | Ticker | Company | Shares |
---|---|---|---|
ARKF | DKNG | DraftKings | 55,100 |
ARKF | ETSY | Etsy | 27,834 |
ARKF | PLTR | Palantir Technologies | 370,643 |
ARKG | SMFR | Sema4 | 183,204 |
ARKG | PLTR | Palantir Technologies | 1,727,500 |
ARKG | ZY | Zymergen | 8,322 |
ARKG | CRSP | CRISPR Therapeutics | 25,000 |
ARKG | SDGR | Schrodinger | 164,583 |
ARKK | VCYT | Veracyte | 53,666 |
ARKK | TSP | TuSimple | 204,932 |
ARKK | SGFY | Signify Health | 153,790 |
ARKK | PLTR | Palantir Technologies | 2,295,428 |
ARKK | BLI | Berkeley Lights | 92,723 |
ARKQ | VUZI | Vuzix | 30,862 |
ARKQ | TSP | TuSimple | 89,805 |
ARKQ | MKFG | Markforged | 155,800 |
ARKQ | PLTR | Palantir Technologies | 559,054 |
ARKW | LPSN | LivePerson | 29,837 |
ARKW | PLTR | Palantir Technologies | 587,952 |
ARKX | PLTR | Palantir Technologies | 61,748 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.