Cathie Wood’s ARK Investment continued loading up on shares of Palantir Technologies Inc. on Monday, adding about $4 million worth of stock across multiple funds.
The ARK Innovation ETF ARKK,
Ark disclosed the activity in its daily trade information posted to its website.
The purchases come after ARK Investment added 1.26 million shares of Palantir across several of its funds last Wednesday.
Palantir shares have shot up more than 50% since just before the company reported earnings earlier this month. The company showed off its second straight quarter of GAAP profitability and teased “massive potential” related to artificial intelligence, though some analysts saw more negative signals in the latest results.
Read: Palantir stock surges after earnings, but here’s where analysts find reason to quibble