Palantir’s YTD Returns Surge 298%: Here’s How ETFs With Exposure To Alex Karp’s Company Have Performed

Date:

Palantir’s YTD Returns Surge 298%: Here’s How ETFs With Exposure To Alex Karp’s Company Have Performed

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Palantir Technologies Inc. (NASDAQ:PLTR) has experienced a remarkable rise, achieving a 298.37% year-to-date return as of Thursday morning. This surge has sparked interest in ETFs with significant exposure to Palantir.

According to Benzinga Pro, the Global X Defense Tech ETF (NYSE:SHLD) holds 7.82% of its portfolio in Palantir stock, amounting to $51.85 million across 1.24 million shares. SHLD, which combines Palantir’s defense and intelligence sector presence with other aerospace and defense players, has seen a 40.86% YTD return.

Don’t Miss:

Meanwhile, ARK Innovation ETF (NYSE:ARKK) has allocated nearly 5% of its portfolio to Palantir, with over $273 million invested in 6.53 million shares. Known for backing high-growth companies, ARKK boasts over $6 billion in assets under management and has achieved a 13.17% YTD return.

On the other hand, the REX AI Equity Premium Income ETF (NASDAQ:AIPI) holds 9.46% exposure to Palantir, translating to a $9.24 million position. However, its YTD returns have declined by 0.61%. AIPI’s strategy involves selling out-of-the-money covered call options, which can generate income but may limit capital appreciation.

At the time of writing, Palantir’s stock was up by 0.23%. The three most recent analyst ratings for Palantir. were issued by BofA Securities, Wedbush, and Goldman Sachs on Nov. 25 and Nov, 7, with an average price target of $63.67 from these firms.

Read Next: 

Image via Flickr

This article Palantir’s YTD Returns Surge 298%: Here’s How ETFs With Exposure To Alex Karp’s Company Have Performed originally appeared on Benzinga.com

Share post:

Popular

More like this
Related

Amorim enjoys ‘special’ first Man Utd win despite ‘anxiety’

New Manchester United boss Ruben Amorim celebrated victory on...

Gavi and Frenkie de Jong pushing to replace Marc Casado vs Las Palmas

From 14 league games so far in 2024/25, Casado...

Leandro Paredes after Roma’s late equalizer vs Spurs: “This is a starting point for us.”

Roma midfielder Leandro Paredes expressed his satisfaction with the...