Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

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

Cathie Wood's ARK sells most of remaining Zillow stake

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    ARK Innovation ETF (ARKK)
  • X
    Zillow Group Inc. Cl C (Z)

or Cancel Already have a watchlist? Log In

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.

/zigman2/quotes/204808965/composite
US : U.S.: NYSE Arca
$ 69.03
-1.77 -2.50%
Volume: 34.30M
Jan. 26, 2022 4:00p
loading...
/zigman2/quotes/204413973/composite
US : U.S.: Nasdaq
$ 47.71
-1.88 -3.79%
Volume: 5.20M
Jan. 26, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$12.59 billion
Rev. per Employee
$918,244
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.