Investing
Cathie Wood's ARK Invest Sells Over $255 Million Worth of Zillow Shares
Published:
Last Updated:
A few ARK Invest exchange-traded funds run by ETF star Cathie Wood made huge sales on Wednesday. Altogether, these funds sold over 3.9 million shares of Zillow Group Inc. (NASDAQ: Z) shares on Wednesday, as the price of these ETFs gained around 1% on Wednesday — with the exception of one. Note that these ETFs are still up significantly in the last year.
[in-text-ad]
ARK Fintech Innovation ETF (NYSEARCA: ARKF) parted with 394,047 shares of Zillow, ARK Innovation ETF (NYSEARCA: ARKK) sold 2,858,268 shares and ARK Next Generation Internet ETF (NYSEARCA: ARKW) shed 648,919 shares. At Wednesday’s closing price this would have valued these sales at roughly $255.4 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. ARKF is up 29% in the past year, while ARKK is up 36% and ARKW is up 44%.
Here’s a look at all the ARK Invest sales that took place Wednesday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKF | Z | ZILLOW | 394,047 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 34,692 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 567,391 |
| ARKG | CSTL | CASTLE BIOSCIENCES | 8,950 |
| ARKK | Z | ZILLOW | 2,858,268 |
| ARKK | TSLA | TESLA | 17,787 |
| ARKK | PRLB | PROTO LABS | 66,400 |
| ARKQ | LMT | LOCKHEED MARTIN | 6,900 |
| ARKW | U | UNITY SOFTWARE | 31,102 |
| ARKW | Z | ZILLOW | 648,919 |
Catherine Wood, the CEO and CIO of ARK Investment Management, is a minority and nonvoting shareholder of 24/7 Wall St., owner of a673b.bigscoots-temp.com.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
