One of the Ark Invest exchange-traded run by ETF star Cathie Wood made a huge purchase of Palantir shares on Thursday.
On August 12, Ark’s ETF fund purchased 5,602,325 shares of Palantir Technologies.
On the same day, the EFT sold off stocks of major tech companies, including Alibaba Group, Alphabet Inc., and Twitter. Ark Invest’s ETF disposed of 252,465 Twitter shares and 2066 stocks of Alphabet Inc.
The fund also dumped close to 175,000 shares of Trade Desk Inc. and 92,000 shares of Novartis AG.
The intra-day trading of the ETF fund also involved other purchases, including 55,100 Draftkings Inc shares and 27,834 shares of Etsy Inc.