October 26, 2007 at 12:00 pm by Tom Lydon
The exchange traded fund (ETF) iShares S&P GSTI Networking Index (IGN) fell sharply earlier this week when shares of one of its top holdings Juniper Networks (JNPR) tumbled following its quarterly earnings results. Juniper fell 8.5% to $33.96, reports Wanfeng Zhou for Thomson Financial and represents 7% of IGNs holdings. However, IGN is still up 16.1% year-to-date.
IGN invests in large-cap computer hardware/multimedia networking companies. Some of its other top holdings include Research in Motion (RIMM) at 10%, which fell 2%, Cisco Systems (CSCO) at 9.5%, which fell 2.2% and Qualcomm (QCOM) at 7.3%, which dropped 0.6%.
Tags: Media, Technology
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