Investing

Cathie Wood's ARK Invest Sells Over $120 Million Worth of Zillow Shares

Chris Lange

Published: November 5, 2021 7:40 am

A day after some ARK Invest exchange-traded funds run by ETF star Cathie Wood parted with almost 4 million shares of Zillow Group Inc. (NASDAQ: Z), a pair of these funds shed nearly another 1.8 million shares on Thursday. The shares prices of these ETFs lost less than 1% on the day, but both are still up significantly in the last year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 1,329,433 shares of Zillow and ARK Next Generation Internet ETF (NYSEARCA: ARKW) sold 462,270 shares on Thursday. At Zillow’s latest closing price, this would have valued these sales at roughly $120.9 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. Both funds are up 30% or more in the past year.

Here’s a look at all the ARK Invest sales for Thursday:

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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