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.
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:
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.