Investing

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

Chris Lange

Published: November 4, 2021 7:50 am

Last Updated: November 5, 2021 6:47 am

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.
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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:

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.

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