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

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:

FundTickerNameShares
ARKGCDXSCODEXIS16,760
ARKGCLLSCELLECTIS7,628
ARKGNVSNOVARTIS157,464
ARKGSMFRSEMA419,527
ARKKTERTERADYNE564,192
ARKKUUNITY SOFTWARE171,947
ARKKPRLBPROTO LABS28,800
ARKKPLTRPALANTIR TECHNOLOGIES1,461,495
ARKKNTLAINTELLIA THERAPEUTICS19,950
ARKKNTDOYNINTENDO51,209
ARKKNSTGNANOSTRING TECHNOLOGIES400
ARKKIRDMIRIDIUM COMMUNICATIONS50,400
ARKQUUNITY SOFTWARE11,900
ARKWPLTRPALANTIR TECHNOLOGIES375,718
ARKWUUNITY SOFTWARE38,664

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

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