Cathie Wood’s Flagship ETF Buys More Zillow Shares Amid Steep Drop

Cathie Wood’s flagship exchange-traded fund bought roughly $25 million worth of shares in Zillow Group Inc . Tuesday, the day the real-estate company’s stock plunged after it said it would exit the home-flipping business.

Ms. 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.