The surge also helped the broad Global X Social Media Index ETF (NasdaqGM: SOCL) advance 4.3% Monday. SOCL largest component holding is LNKD, which makes up 10.8% of the fund’s portfolio.
The jump in the social-networking company’s shares also bolstered a number of other ETFs with large tilts toward the firm. LNKD makes up 5.3% of VanEck Vectors Morningstar Wide Moat ETF (NYSEArca: MOAT), 4.0% of ARK Web x.0 ETF (NYSEArca: ARKW) and 3.0% First Trust Dow Jones Internet Index Fund (NYSEArca: FDN).
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On Monday, MOAT gained 2.0%, ARKW rose 3.1% and FDN increased 1.2%.
For more information on the social media sector, visit our social media category.
Global X Social Media Index ETF