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Cathie Wood’s flagship ETF is betting on Zillow after its drop

Cathie 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.

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