One ARK Innovation ETF bought 1,045,600 shares of Palantir Technologies Inc. on Wednesday, according to Wallst.com. The purchase would have been valued at roughly $23.9 million as of Wednesday’s closing price.
The purchase is just a small fraction of the total holdings, with ARKK up 178% over the past 52 weeks
Palantir builds and deploys software platforms for the intelligence community in the U.S to assist in counterterrorism investigations and operations. ARK Innovation and Palantir stocks are currently gaining. ARKK is up 1.11% on premarket, PLTR: NYSE is up 1.31% on premarket