JFWD - Elon Musk's large stake in Twitter has these five ETFs in focus

Five ETFs found themselves in focus after news broke that Elon Musk was added to Twitter’s (NYSE:TWTR) board of directors after he took a massive 9.2% stake in the social media giant company.  The exchange traded funds with the heaviest positions in TWTR are the Invesco Dynamic Media ETF (NYSEARCA:PBS), Jacob Forward ETF (JFWD), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Global X Social Media ETF (NASDAQ:SOCL) and the Communication Services Select Sector SPDR Fund (NYSEARCA:XLC). PBS is most leveraged to the social media giant, with TWTR holding a 5.91% in the fund. This represents the ETF's fourth largest holding. Coming in second and third is JFWD and EWCO, which have weightings of 5.16% and 4.79%, respectively. Meanwhile, SOCL has a 4.6% weighting and XLC has a 2.9% weighting in Twitter. In breaking down the funds, investors will notice that most of the ETFs are small in size

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Elon Musk’s large stake in Twitter has these five ETFs in focus