Investors looking for robust AT&T exposure without single-stock commitment can turn to ETFs. For example, IYZ allocates nearly 11% of its weight AT&T, making the stock the $494.9 million ETF’s largest holding. IYZ does not sport a dividend yield on par with AT&T, but 2.2% is fair.

If IYZ’s AT&T exposure is not enough, VOX is a suitable alternative. The Vanguard telecom ETF had a weight to AT&T of 22.7% at the end of May, according to Vanguard data.

The Fidelity MSCI Telecommunication Services Index ETF (NYSEArca: FCOM) tops its rivals with a 23.2% AT&T allocation. And those looking for another, albeit odd catalyst, for AT&T, consider the recent track record of stocks expelled from the Dow. Alcoa (NYSE: AA), Bank of America (NYSE: BAC) and Hewlett-Packard (NYSE: HPQ), the last three stocks booted from the Dow, are up an average of 32% since leaving the index in September 2013. [Telecom ETFs Pinched by AT&T Exit]

Fidelity MSCI Telecommunication Services Index ETF