Cathie Wood’s ARK Invest Sells Over $39 Million Worth of Zillow Shares
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.
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.
Here’s a look at all the ARK Invest sales for Monday:
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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