Cathie Wood Can't Get Enough Of Peter Thiel's Palantir, Adds Another $11.4M Shares

Cathie Wood-led Ark Invest on Tuesday further increased the exposure in Palantir Technologies Inc PLTR, 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.

See Also: Palantir, Alibaba, Square, Google, DraftKings — Stocks Cathie Wood's Ark Bought Or Sold On Monday

Ark Invest owns Palantir via all of its six active exchange traded funds but deployed the Ark Fintech Innovation ETF ARKF and the Ark Space Exploration & Innovation ETF ARKX 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 Corp RBLX and sells included Nvidia Corp NVDA.

See also: How to Buy Palantir Technologies (PLTR) Stock

Photo: Courtesy of Cory Doctorow on Flickr

Posted In: ARK InvestCathie WoodData AnalyticsPeter ThielLong IdeasNewsSector ETFsTrading IdeasETFs

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