Cathie Wood’s ARK Invest Sells Over $120 Million Worth of Zillow Shares

A couple of Cathie Wood's Ark Invest exchange-traded funds sold nearly 1.8 million more shares of Zillow on November 4.

Published November 5, 2021, 7:40am ET · 1 min read

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A day after some ARK Invest exchange-traded funds run by ETF star Cathie Wood parted with almost 4 million shares of Zillow Group Inc. (NASDAQ: Z), a pair of these funds shed nearly another 1.8 million shares on Thursday. The shares prices of these ETFs lost less than 1% on the day, but both are still up significantly in the last year.

ARK Innovation ETF (NYSEARCA: ARKK) sold 1,329,433 shares of Zillow and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 462,270 shares on Thursday. At Zillow’s latest closing price, this would have valued these sales at roughly $120.9 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up 30% or more in the past year.

Here’s a look at all the ARK Invest sales for Thursday:

Fund	Ticker	Name	Shares
ARKF	OPEN	OPENDOOR TECHNOLOGIES	1,431,572
ARKG	CSTL	CASTLE BIOSCIENCES	1,100
ARKG	IOVA	IOVANCE BIOTHERAPEUTICS	41,700
ARKK	Z	ZILLOW	1,329,433
ARKK	TSLA	TESLA	26,203
ARKK	PRLB	PROTO LABS	53,075
ARKQ	LMT	LOCKHEED MARTIN	16,326
ARKQ	U	UNITY SOFTWARE	24,600
ARKW	Z	ZILLOW	462,270
ARKX	LMT	LOCKHEED MARTIN	8,372

Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of 247wallst.com.

Contact [email protected] for any questions or corrections.

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Chris Lange

Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.

His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.

When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.

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