Investing
Cathie Wood's ARK Invest Sells Over $37 Million Worth of Zillow Shares
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One ARK Invest exchange-traded fund run by ETF star Cathie Wood parted with almost 600,000 shares of Zillow Group Inc. (NASDAQ: Z) on Friday. The share price of this ETF gained about 1% on the day, and it is still up significantly in the last year.
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ARK Innovation ETF (NYSEARCA: ARKK) sold 589,903 shares of Zillow on Friday. At Zillow’s latest closing price, this would have valued the sale at roughly $37.7 million altogether. Even though this is a small fraction of the total holdings, every little bit counts. The fund is up 22% in the past year.
Here’s a look at all the ARK Invest sales for Friday:
| Fund | Ticker | Name | Shares |
|---|---|---|---|
| ARKG | CDXS | CODEXIS | 32,572 |
| ARKG | CLLS | CELLECTIS | 21,500 |
| ARKG | IOVA | IOVANCE BIOTHERAPEUTICS | 450 |
| ARKG | REGN | REGENERON PHARMACEUTICALS | 6,917 |
| ARKK | Z | ZILLOW | 589,903 |
| ARKQ | LMT | LOCKHEED MARTIN | 7,908 |
| ARKX | LMT | LOCKHEED MARTIN | 8,028 |
| ARKX | U | UNITY SOFTWARE | 14,494 |
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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