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Cathie Wood’s flagship ETF is betting on Zillow after its drop
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fnlondon.comCathie Wood’s flagship exchange-traded fund bought roughly $25m worth of shares in Zillow on Tuesday, the day the real-estate company’s stock plunged after it said it would exit the home-flipping business.
Wood’s ARK Innovation ETF bought 288,813 shares in Zillow on Tuesday, according to the fund’s trading website. The fund had previously also bought Zillow shares in late September.
Zillow’s...
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