Cathie Wood‘s ARK Invest continued to load up on data analytics company, Palantir Technologies (PLTR) and added about $4 million worth of stock across its funds.
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The ARK Innovation ETF (ARKK) added 0.243 million shares of Palantir worth about $2.9 million based on Monday’s closing price of $11.84 while the ARK Fintech ETF (ARKF) added 54,250 shares of Palantir, worth about $642,000. The ARK Next Generation ETF (ARKW) added 42,162 shares of Palantir, worth just below $500,000.
Shares of Palantir have shot up by more than 50% in the past month after its Q1 earnings.
Meanwhile, the ARK Innovation ETF (ARKK) has surged by more than 30% year-to-date.