The headlines weighed on Tesla as well, when TSLA tumbled 13.9% after its CEO, Elon Musk, was sued by the SEC over his tweet about taking the electric automaker private. Mr. Musk and the SEC were reportedly close to reaching a no-guilt settlement that would have barred him from being chairman for two years, but Mr. Musk backed out at the last minute. Investors should expect an ETF Sell off and can examine these movements by utilizing ETFG’s. Three of five top ETFs which own Tesla include ARK Industrial Innovation ETF ( ), ARK Innovation ETF ( ) and ARK Web x.0 ETF ( ) all down approximately 1% have a weighting of 11.06%, 9.91% and 7.91% respectively.
After tepid movements on Wall Street we saw an astonishing amount of consistency within the ETFG Weekly select List. SPDR S&P 600 Small Cap Value ETF (Fidelity MSCI Telecommunication Services Index ETF () and SPDR KBW Insurance ETF ( ) all maintained the top rating in their respective categories. Those categories in order are Small Cap, North America, Global Ex-U.S., Developed Markets, Telecommunication and Financials.), iShares Nasdaq Biotechnology Index Fund ( ), AdvisorShares Dorsey Wright ADR ETF ( ), iShares MSCI EAFE Value Index Fund ( ),
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