Cathie Wood-led Ark Invest continues to pile up shares in Palantir Technologies Inc (NYSE:PLTR).
The popular money managing firm on Thursday bought another 368,411 shares shares in the Peter Thiel-co-founded data analytics company on the dip, estimated to be worth about $8.9 million.
Palantir shares closed 4.43% lower at $24.16 on Thursday.
Including Thursday’s buys, Ark Invest has bought a total of 10.27 million shares in Palantir in just about a week after it reported second-quarter earnings and shares had jumped 11%.
Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the Ark Fintech Innovation ETF (NYSE:ARKF) and the Ark Space Exploration & Innovation ETF (BATS:ARKX) to buy the shares on Thursday.
The six ETFs held a total of 35.77 million shares, worth $904.29 million, in Palantir, ahead of Thursday’s trade.
See Also: Cathie Wood Can't Get Enough Of Peter Thiel's Palantir, Adds Another $11.4M Shares
Here are some of the other key trades for Ark on Thursday:
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