MGNI - GameStop takes ETFs along for its wild ride
GameStop ([[GME]], +24%) is back sharply in the green, but who can say where it will end after a series of breathtaking moves so far that saw shares up 144% and also down for the day.Those peaks and valleys have brought volatility to ETFs holding the stock, which is now having outsize influence after its rally.The Cambridge Shareholder Yield ETF ([[SYLD]], -1.66%) has the biggest allocation to GameStop, which is its top holding now at 4.29%, more than double the next two holdings, Rent-a-Center ([[RCII]], -2.6%) and Apple ([[AAPL]], +2.6%).At GameStop's peak today, SYLD was up 9% from when the GME rally started on Jan. 12, but is now up 3.3%.SYLD is actively managed and looks for stocks that have the highest shareholder yield, determined using cash flow, among other metrics.The ETFMG Video Game Tech ETF ([[GAMR]], +1.4%) has a 4.13% allocation in GME.GAMR was up more than 20% from the same time period at
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GameStop takes ETFs along for its wild ride