Cathie Wood's Ark Invest Offloads 375,000 Palantir Shares in January
Cathie Wood, through Ark Invest, diminished Palantir Technologies' exposure by selling 60,375 shares from its ARK Next Generation Internet ETF on Monday. During January's mass sell-off Ark Investment sold 375,393 shares of Colorado data analytics firm Palantir Technologies through its three actively managed ETFs.ARKK, the flagship fund of Ark Invest, has removed 187,968 shares of Palantir Technologies throughout January 2022. PLTR continues to be ARKK's fifth-largest holding with a market value at $351.9 million while representing 5.23% of the holdings in the portfolio.ARKW decreased its share count of Palantir by 161,248 over January, thereby lowering Palantir holdings to 4.57% while maintaining a total value of $86.9 million. The ARK Fintech Innovation ETF unloaded 73,627 shares when it adjusted its investment in January. The slight shifts in Palantir across ARKF generated a current market value of $42.3 million while remaining positioned as the tenth-biggest holding at 3.47 percen
