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Nov. 15, 2021, 3:27 a.m. EST

Cathie Wood's ARK sells most of remaining Zillow stake

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By Steve Goldstein

The flagship fund of Cathie Wood's Ark Invest, the Ark Innovation ETF /zigman2/quotes/204808965/composite ARKK -2.50% , sold most of its remaining stake in online real estate firm Zillow /zigman2/quotes/204413973/composite Z -3.79% , according to the firm's disclosures. On Friday, the fund sold $37.8 million worth of shares in Zillow, which recently exited the so-called iBuying market after sustaining losses on its home flipping activities. Friday's sale reduced the Ark position by 54%. Since the beginning of the month, Ark's Zillow position has dropped to roughly 500,000 shares from 6.8 million.

US : U.S.: NYSE Arca
$ 69.03
-1.77 -2.50%
Volume: 34.30M
Jan. 26, 2022 4:00p
US : U.S.: Nasdaq
$ 47.71
-1.88 -3.79%
Volume: 5.20M
Jan. 26, 2022 4:00p
P/E Ratio
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$12.59 billion
Rev. per Employee

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