Cathie Wood's ARK Invest Sells Over 1.8 Million Shares of Palantir

Investing

Published: September 24, 2021 8:05 am

A couple of the ARK Invest exchange-traded funds run by ETF star Cathie Wood made a huge sale on Thursday. Specifically, these funds sold over 1.8 million shares of Palantir Technologies Inc. (NASDAQ: PLTR), as the price of these ETFs were up about 1% on the day. Note that they are up a fair amount in the past year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 1,461,495 shares of Palantir and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 375,718 shares. At Thursday’s closing price, this would have valued this sale at roughly $52.9 million. Even though this is a small fraction of the total holdings, every little bit counts. The innovation fund is up 38% in the past year and the other is up 46%.

Check out all of ARK Invest’s sales for Thursday as well:

Fund	Ticker	Name	Shares
ARKG	CDXS	CODEXIS	16,760
ARKG	CLLS	CELLECTIS	7,628
ARKG	NVS	NOVARTIS	157,464
ARKG	SMFR	SEMA4	19,527
ARKK	TER	TERADYNE	564,192
ARKK	U	UNITY SOFTWARE	171,947
ARKK	PRLB	PROTO LABS	28,800
ARKK	PLTR	PALANTIR TECHNOLOGIES	1,461,495
ARKK	NTLA	INTELLIA THERAPEUTICS	19,950
ARKK	NTDOY	NINTENDO	51,209
ARKK	NSTG	NANOSTRING TECHNOLOGIES	400
ARKK	IRDM	IRIDIUM COMMUNICATIONS	50,400
ARKQ	U	UNITY SOFTWARE	11,900
ARKW	PLTR	PALANTIR TECHNOLOGIES	375,718
ARKW	U	UNITY SOFTWARE	38,664

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.

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