Published on 8 Oct 2021 on Benzinga
This Robot-Run ETF Of Tesla Fame Sold Facebook Ahead Of Crash And Loaded Up On These Retail Stocks...
The Qraft AI-Enhanced US Large Cap Momentum ETF (NYSE: AMOM), an exchange-traded fund driven by artificial intelligence, has retained its stake in e-commerce giant Amazon.com (NASDAQ: AMZN), while raising its stake in Home Depot Inc. (NYSE: HD) and acquiring stakes in retailers Lowe’s Companies Inc. (NYSE: LOW) and Target Corp. (NYSE: TGT).
What Happened: The ETF’s latest portfolio after rebalancing at the end of September, showed that the fund has sold major chunks of its holdings, or entirely divested in, social media giant Facebook Inc. (NASDAQ: FB), chipmaker Nvidia Corp. (NASDAQ: NVDA) and retail giant Walmart Inc. (NYSE: WMT).