Where do you think Google (GOOG) is in the related exchange traded funds (ETFs)? As Google’s stock price went above $700 for the first time today, some of you may wonder. Well, Scott Rothbort for Seeking Alpha reports that a friend thought he owned Google in his Internet HOLDRs (HHH). HHH owns 12 Internet stocks and Google isn’t one of them. HHH’s top holdings include eBay (EBAY), Amazon (AMZN), Yahoo (YHOO) and Time Warner (TWX). In fact, HHH is a different breed of ETF (it is a HOLDR with a fixed set of holdings) and was created before Google existed. The moral of this story is: Know what your ETF holds.
If you are looking for an Internet ETF that holds Google, there is First Trust Dow Jones Internet Index Fund (FDN). Google makes up 10.4% of FDN and it is up 22.9% year-to-date.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.