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Palantir Technologies Inc. (NASDAQ:PLTR) has had a remarkable rise, returning 298.37% since Thursday morning. This rise has sparked interest in ETFs with significant exposure to Palantir.
According to Benzinga Pro, the Global X Defense Tech ETF (NYSE:SHLD) owns 7.82% of its portfolio in Palantir stock, which amounts to $51.85 million across 1.24 million shares. SHLD, which combines Palantir’s presence in the defense and intelligence sector with other players in the aerospace and defense sector, has delivered a YTD return of 40.86%.
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In the meantime, 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 has over $6 billion in assets under management and has delivered a YTD return of 13.17%.
On the other hand, the REX AI Equity Premium Income ETF (NASDAQ:AIPI) has a 9.46% exposure to Palantir, which translates into a position of $9.24 million. However, YTD returns are down 0.61%. AIPI’s strategy is to sell out-of-the-money covered call options, which can generate income but limit capital growth.
At the time of writing, shares of Palantir were up 0.23%. The three most recent analyst ratings for Palantir. were published by BofA Securities, Wedbush, And Goldman Sachs on November 25 and 7, with an average price target of $63.67 for these companies.
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This article Palantir’s YTD Return Soars 298%: Here’s How ETFs With Exposure to Alex Karp’s Company Have Performed originally appeared on Benzinga.com
