ETF Trends
ETF Trends

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

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.