Investing

Cathie Wood's ARK Invest Sells Over $255 Million Worth of Zillow Shares

bauhaus1000 / iStock Unreleased via Getty Images

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.

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.