Investing

Cathie Wood's ARK Invest Sells Over $37 Million Worth of Zillow Shares

georgeclerk / iStock via Getty Images

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.
[in-text-ad]
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.

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.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.