On Wednesday, the Cathie Wood-led Ark Invest made a notable move by selling a significant portion of its stake in Palantir Technologies Inc (NYSE:PLTR). The Palantir Trade: The ARK Innovation ETF (NYSE:ARKK) offloaded 62,809 shares of Palantir. The sale came just days after Palantir’s inclusion in the S&P 500 index, replacing American Airlines Group, Inc. This inclusion could potentially boost Palantir’s stock as it gains wider exposure to investors and as shares are accumulated to be included in index funds that mirror the S&P 500. Despite the positive news, Ark Invest decided to reduce its e…
