ZILLOW-Top 3 Cathie Wood's Top 3 Shares Acquired by ARK Invest in Last Week's Technology Sale

ZILLOW-Top 3 Cathie Wood's Top 3 Shares Acquired by ARK Invest in Last Week's Technology Sale It attracts the attention of investors, considering the impressive results achieved last year. Last year was a breakout for Cathie Wood, founder of ARK Investment Management. The five flagship funds (EFTs) operating on the stock market returned more than 100 %, stunned the whole investment world. These results made Wood a star among investors, and her decisions are listened to by investors. Despite this, Wall Street has gone out of stock in the past few weeks. Although the technology-heavy NASDAQ rose more than 9 percent earlier this year, it returned all of the year's gains within three weeks. With tech stocks alarming, let's take a look at the stocks Cathie Wood covered last week.

ZILLOW-Top 3 Cathie Wood's Top 3 Shares Acquired by ARK Invest in Last Week's Technology Sale

1-Zillow

The goal of ARK Fintech (NYSEMKT: ARKF) is to find stocks at the cutting edge of financial technology (fintech). Digital real estate company Zillow Group (NASDAQ: Z) (NASDAQ: ZG) was among Wood's major acquisitions late last week. This corresponded to more than 4,6 % of Zillow, whose total assets were $ 4 billion. The trend towards technology-powered real estate transactions jumped into high gear last year, boosting Zillow's stock price by 183 %. In this way, Zillow reduced its losses by almost half last year and turned into an increased profitability in the last two quarters. Zillow lost more than 32 % of its value when investors in technology stocks recently sold off the shares. This mistake of investors created an opportunity for Wood. ZILLOW-Top 3 Cathie Wood's Top 3 Shares Acquired by ARK Invest in Last Week's Technology Sale    

Source: The Motley Fool

 

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