Apple, Microsoft, Amazon, and now Google all proudly wear the $1 trillion market capitalization “members only” jacket. Google became the latest to join the club and investors may want to watch ETFs with the heaviest holdings of the search engine giant as they’re set to do bigger things in 2020.
Analysts are buzzing with excitement, especially with new CEO Sundar Pichai at the helm despite founders Larry Page stepping down as CEO along with co-founder Sergey Brin. Per a CNBC report, Pichai “had already been the CEO of Google, which includes all the company’s core businesses — including search, advertising, YouTube and Android — and generates substantially all its revenue and profits. But he reported to Page, who also oversaw other businesses making long-term bets on experimental technology like self-driving cars and package delivery drones. Now, he’s in charge of the whole conglomerate, although Page and Brin still have control over most of the company’s voting shares, giving them significant influence in major decisions.”
Here are the top three ETFs to watch with the heaviest holdings of Google as of 1/16:
- Fidelity MSCI Communication Services Index ETF (NYSEArca: FCOM)–11.76%: seeks to provide investment returns that correspond generally to the performance of the MSCI USA IMI Communication Services 25/50 Index. The index represents the performance of the communication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Communication Services 25/50 Index.
- Vanguard Communication Services Index Fund ETF Shares (VOX)–11.76%: employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Communication Services 25/50. The index itself is made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the GICS. The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index.
- Communication Services Select Sector SPDR Fund (XLC)–11.51%: seeks to correspond generally to the price and yield performance of publicly traded equity securities of companies in the Communication Services Select Sector Index. The index includes companies that have been identified as Communication Services companies by the GICS®, including securities of companies from the following industries: diversified telecommunication services; wireless telecommunication services; media; entertainment; and interactive media & services.
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