Cathie Wood’s ARK Invest Sells Over $14 Million Worth of Zillow Shares
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.
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.
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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