Another famous Icahn holding, Netflix (NasdaqGM: NFLX), has a weight of about half a percent in QQQ.
Whether it is a case of investors wanting to mimic Icahn or enthusiasm for other marquee holdings in these ETFs, say Google (NasdaqGM: GOOG), inflows to the aforementioned tech funds have been robust since August 13. Average inflows to the four ETFs since that day have been $550.7 million with QQQ leading with inflows of almost $822 million.
Chart Courtesy: Index Universe
Tom Lydon’s clients own shares of Apple, Google and QQQ.