Cathie Wood-led Ark Invest on Friday snapped up 1.156 million shares — estimated to be worth about $28.78 million — in Palantir Technologies Inc.
Palantir shares closed marginally higher at $24.90 on Friday, just a day after they soared more than 11% as the Peter Thiel-co-founded data analytics firm beat Wall Street expectations for the second quarter earnings and gave an upbeat guidance for the current quarter.
The New York-based investment firm owns Palantir via all of its six active exchange traded funds but deployed Ark Innovation ETF on Friday to buy shares in Palantir.
The latest buy lifted the consolidated position via the six ETFs to 32 million Palantir shares, worth $798.48 million, as of Friday’s trades.
The popular investment firm best known for bets in Tesla Inc also snapped up 10,996 shares — estimated to be worth about $588,286 — in DraftKings Inc on the dip.
DraftKings shares closed 2.03% to $53.50 on Friday.
Ark Invest investment deployed Ark Fintech Innovation ETF to buy shares in DraftKings on Friday but also owns positions in the online sports betting company via ARKK and the Ark Next Generation Internet ETF.
The three ETFs held 13.89 million shares, estimated to be worth $758.82 million, in DraftKings, as of Friday’s trades.
Some of the other key Ark sells on Friday included Seer Inc, which it bought via the Ark Genomic Revolution ETF and buys included Markforged Holding Corp the Ark Autonomous Technology & Robotics ETF.
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