A networking exchange traded fund rose on Monday thanks in part to a more than 30% rally in EMS Technologies (NasdaqGS: ELMG) after the company said it has agreed to be acquired by Honeywell (NYSE: HON) for nearly $500 million in cash.

EMS is a roughly 3% component in PowerShares Dynamic Networking (NYSEArca: PXQ). The sector ETF was up fractionally in recent action.

Other top portfolio holdings include Symantec (NasdaqGS: SYMC) and VMware (NYSE: VMW).

The ETF is little changed for the year-to-date period and is trailing the S&P 500 by a slight margin.

PowerShares Dynamic Networking

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