Cathie Wood’s ARK Invest Sells Over $39 Million Worth of Zillow Shares
A couple of Cathie Wood's ARK Invest exchange-traded funds sold over 600,000 more shares of Zillow on November 15.
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A couple of ARK Invest exchange-traded funds run by ETF star Cathie Wood sold more than 600,000 shares of Zillow Group Inc. (NASDAQ: Z) on Monday. The share price of these ETFs were mixed on the day, but they are still up significantly in the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 143,228 shares of Zillow and ARK Innovation ETF (NYSEARCA: ARKK) sold 471,622 shares on Monday. At Zillow’s latest closing price, this would have valued the sale at roughly $39.1 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. These funds up 20% or so in the past year.
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Here’s a look at all the ARK Invest sales for Monday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | OPEN | OPENDOOR TECHNOLOGIES | 568,263 |
| ARKF | INTU | INTUIT | 15,931 |
| ARKF | Z | ZILLOW | 143,228 |
| ARKG | VEEV | VEEVA SYSTEMS | 11,936 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 31,717 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 21,494 |
| ARKG | CLLS | CELLECTIS | 100 |
| ARKG | CDXS | CODEXIS | 5,819 |
| ARKK | Z | ZILLOW | 471,622 |
| ARKQ | LMT | LOCKHEED MARTIN | 20,232 |
| ARKQ | GOOG | ALPHABET | 2,662 |
| ARKW | NET | CLOUDFLARE | 77,042 |
| ARKW | U | UNITY SOFTWARE | 90,817 |
| ARKX | U | UNITY SOFTWARE | 12,356 |
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 writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
