Cathie Wood’s ARK Invest Sells Over $14 Million Worth of Zillow Shares
Three of Cathie Wood's ARK Invest exchange-traded funds sold over 200,000 more shares of Zillow on November 17.
Some ARK Invest exchange-traded funds run by ETF star Cathie Wood sold almost 240,000 shares of Zillow Group Inc. (NASDAQ: Z) on Wednesday. The share price of these ETFs were down over 1% on the day, but they are still up significantly in the past year.
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ARK Fintech Innovation ETF (NYSEARCA: ARKF) sold 137,214 shares of Zillow, ARK Innovation ETF (NYSEARCA: ARKK) parted with 31,361 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) shed 71,156 shares on Wednesday. At Zillow’s latest closing price, this would have valued the sale at roughly $12.6 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. These funds up between 17% and 30% in the past year.
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Here’s a look at all the ARK Invest sales for Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | 4689JP | Z HOLDINGS | 1,412,188 |
| ARKF | PINS | 488 | |
| ARKF | Z | ZILLOW | 137,214 |
| ARKG | TAK | TAKEDA PHARMACEUTICAL | 44,800 |
| ARKK | Z | ZILLOW | 31,361 |
| ARKK | U | UNITY SOFTWARE | 159,652 |
| ARKK | COIN | COINBASE GLOBAL | 92,395 |
| ARKQ | U | UNITY SOFTWARE | 24,700 |
| ARKW | SPOT | SPOTIFY TECHNOLOGY | 40,459 |
| ARKW | Z | ZILLOW | 71,156 |
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.
