The four-day surge in Google Inc (NASDAQ: GOOG) (NASDQ: GOOGL) of nearly 9 percent has been a tremendous boost to exchange-traded funds that track Internet companies; Google recently hit its highest levels in two months ahead of its upcoming quarterly earnings report after the market close on Thursday.
First Trust Dow Jones Internet
The combination of Google’s two share classes represents over 10 percent of the underlying asset allocation in the First Trust DJ Internet Index Fund (ETF) (NYSE: FDN). This ETF tracks 42 publicly traded companies engaged in social media, online commerce, search engines and other Internet-related business.
FDN is the largest Internet-focused fund with over $3 billion ...
/www.benzinga.com/etfs/sector-etfs/15/07/5671241/internet-etfs-benefit-from-google-stock-surge alt=Internet ETFs Benefit From Google Stock Surge>Full story available on Benzinga.com
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