ARK Next Generation Internet ETF Sells 6,169 AMD Shares and Buys 11,865 Palantir Shares
ARK Next Generation Internet ETF sold 6,169 AMD shares worth about $10.5 million and bought 11,865 Palantir shares. AMD rose 4% ahead of the sale while Palantir fell over 13% in five days, driving profit-taking and dip buying.
1. AMD Stake Reduction
The ETF disposed 6,169 shares of Advanced Micro Devices valued at about $10.52 million, part of a 44,446-share AMD sale across ARK portfolios. AMD shares had risen roughly 4%, suggesting the fund was locking in gains following recent strength in chip valuations.
2. Palantir Position Increase
The ETF added 11,865 shares of Palantir Technologies within an $11.15 million buy of 85,485 total shares across ARK funds. Palantir’s stock fell over 13% in five days, prompting the ETF to increase exposure to its AI-driven data analytics platform.
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Sources
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