Cathie Wood’s ARK Invest Sells Over $37 Million Worth of Zillow Shares
One of Cathie Wood's ARK Invest exchange-traded funds sold nearly 600,000 more shares of Zillow on November 12.
One ARK Invest exchange-traded fund run by ETF star Cathie Wood parted with almost 600,000 shares of Zillow Group Inc. (NASDAQ: Z) on Friday. The share price of this ETF gained about 1% on the day, and it is still up significantly in the last year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 589,903 shares of Zillow on Friday. At Zillow’s latest closing price, this would have valued the sale at roughly $37.7 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 22% in the past year.
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Here’s a look at all the ARK Invest sales for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | CDXS | CODEXIS | 32,572 |
| ARKG | CLLS | CELLECTIS | 21,500 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 450 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 6,917 |
| ARKK | Z | ZILLOW | 589,903 |
| ARKQ | LMT | LOCKHEED MARTIN | 7,908 |
| ARKX | LMT | LOCKHEED MARTIN | 8,028 |
| ARKX | U | UNITY SOFTWARE | 14,494 |
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.
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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.
