ARKW is home to many of the Internet and social media stocks investors have come to expect from comparable ETFs. However, because the new fund is not limited by geography or industry classification, it is able to mix in other prominent names with the usual suspects. Although it holds many of the same names found in passively managed ETFs, ARKW has outperformed its passively managed Internet and social media rivals since coming to market. [A New Internet ETF Player]
As of Dec. 11, ARKW’s 37 holdings included Amazon, Alibaba, Facebook (NasdaqGS: FB) and Netflix (NasdaqGS: NFLX). No stock accounts for more than 6.05% of the ETF’s weight.
The Renaissance IPO ETF (NYSEArca: IPO) is expected to add shares of Lending Club at the close of U.S. markets on Dec. 19.
ARK Web x.O ETF
Tom Lydon’s clients own shares of Apple and Facebook.