Cathie Wood's ARK sells most of remaining Zillow stake

The flagship fund of Cathie Wood's Ark Invest, the Ark Innovation ETF /zigman2/quotes/204808965/composite ARKK +0.08% , sold most of its remaining stake in online real estate firm Zillow /zigman2/quotes/204413973/composite Z -1.52% , 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.

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ARK Innovation ETF

US : U.S.: NYSE Arca

$ 37.76

+0.03 +0.08%

Volume: 18.41M

March 27, 2023 4:00p

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Zillow Group Inc. Cl C

US : U.S.: Nasdaq

$ 42.77

-0.66 -1.52%

Volume: 1.77M

March 27, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$10.13 billion

Rev. per Employee

$342,068