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Cathie Wood Can't Get Enough Of Peter Thiel's Palantir, Adds Another $11.4M Shares

·1 min read

Cathie Wood-led Ark Invest on Tuesday further increased the exposure in Palantir Technologies Inc (NYSE: PLTR), continuing its buying spree in the Peter Thiel-co-founded data analytics company on the dip.

Ark Invest snapped up 476,114 shares — estimated to be worth $11.4 million — as of Palantir’s closing price on Tuesday.

Palantir shares, which jumped 11% after it reported second quarter earnings last week, closed 2.16% lower at $23.97 on Tuesday.

See Also: Palantir, Alibaba, Square, Google, DraftKings — Stocks Cathie Wood's Ark Bought Or Sold On Monday

Ark Invest owns Palantir via all of its six active exchange traded funds but deployed the Ark Fintech Innovation ETF (NYSE: ARKF) and the Ark Space Exploration & Innovation ETF (BATS: ARKX) to buy the shares on Tuesday.

The six ETFs held a total of 35.5 million shares, worth $870 million, in Palantir, ahead of Tuesday’s trades.

Some of the other key Ark Invest buys on Tuesday included Roblox Corp (NYSE: RBLX) and sells included Nvidia Corp (NASDAQ: NVDA).

See also: How to Buy Palantir Technologies (PLTR) Stock

Photo: Courtesy of Cory Doctorow on Flickr

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