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ARK Updates | Cathie Wood can't get enough of Palantir, adds another $11.4M shares

Benzinga Real-time News ·  Aug 18, 2021 05:15

Cathie Wood-led Ark Invest on Tuesday further increased the exposure in $Palantir Technologies Inc(PLTR.US)$, continuing its buying spree in the Peter Thiel-co-founded data analytics company on the dip.

Ark Invest snapped up 476,114 shares — estimated to be worth $11.4 million — as of Palantir’s closing price on Tuesday. 

Palantir shares, which jumped 11% after it reported second-quarter earnings last week, closed 2.16% lower at $23.97 on Tuesday.

Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the $ARK Fintech Innovation ETF(ARKF.US)$ and the $ARK Space Exploration & Innovation ETF(ARKX.US)$ to buy the shares on Tuesday.

The six ETFs held a total of 35.5 million shares, worth $870 million, in Palantir, ahead of Tuesday’s trades.

Some of the other key Ark Invest buys on Tuesday included $Roblox Corporation(RBLX.US)$ and sells included $NVIDIA Corp(NVDA.US)$.

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Source: ARK INVEST

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