One ARK Invest exchange-traded fund run by ETF star Cathie Wood made a huge purchase on Wednesday. Specifically, this fund bought over 625,000 shares of Palantir Technologies Inc. (NASDAQ: PLTR), as the price of this ETF was down on the day. Note that it is down a fair amount in the past year.
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ARK Innovation ETF (NYSEARCA: ARKK) picked up 628,636 more shares of this software company. At Wednesday’s closing price, that would have valued the purchase at roughly $10.5 million. Even though this is a small fraction of the total holdings, every little bit counts. The fund is down 34% in the past year.
Check out all of ARK Invest’s purchases for Wednesday as well:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | PSNL | PERSONALIS | 3,691 |
| ARKG | BNR | BURNING ROCK BIOTECH | 2,160 |
| ARKG | DNA | GINKGO BIOWORKS | 242,472 |
| ARKG | RXRX | RECURSION PHARMACEUTICALS | 7,780 |
| ARKG | EXAS | EXACT SCIENCES | 41,103 |
| ARKG | ONEM | 1LIFE HEALTHCARE | 150,000 |
| ARKG | QSI | QUANTUM-SI | 9,680 |
| ARKK | ZM | ZOOM VIDEO COMMUNICATIONS | 70,259 |
| ARKK | SSYS | STRATASYS | 10,043 |
| ARKK | PLTR | PALANTIR TECHNOLOGIES | 628,636 |
| ARKK | CGEN | COMPUGEN | 55,641 |
| ARKQ | VUZI | VUZIX | 79,958 |
| ARKQ | MKFG | MARKFORGED | 247,843 |
| ARKQ | DDD | 3D SYSTEMS | 105,279 |
| ARKQ | AVAV | AEROVIRONMENT | 24,600 |
| ARKW | CND | CONCORD ACQUISITION | 150,418 |
| ARKW | COIN | COINBASE GLOBAL | 98,572 |
| ARKW | DKNG | DRAFTKINGS | 67,256 |
| ARKW | HOOD | ROBINHOOD MARKETS | 31,555 |
| ARKW | PATH | UIPATH | 141,194 |
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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