State Street Launches New Communication ETF Ahead of GICS Changes | Page 2 of 2 | ETF Trends

XLC’s current top holdings include Facebook (NasdaqGS: FB) 20.6%, Alphabet Class C (NasdaqGS: GOOG) 11.9%, Alphabet Inc. Class A (NasdaqGS: GOOGL) 11.8%, AT&T (NYSE: T) 6.1% and Netflix (NasdaqGS: NFLX) 4.8%.

Sub-sector weights include internet software & services 46.8%, media 26.2%, diversified telecom services 11.9%, software 9.8% and internet & direct marketing retail 5.4%.

Furthermore, as the communication services sector comes to life, big changes are coming for some well-known consumer discretionary and technology exchange traded funds, including the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) and the Technology Select Sector SPDR (NYSEArca: XLK). State Street will make changes to XLK and XLY’s underlying indices effective after the close on September 21, 2018.

“Existing shareholders of XLK and XLY do not need to take action at this time; however, investors will likely want to analyze their sector positions,” Archard added.

For more information on new fund products, visit our new ETFs category.