Amazon (AMZN) had a strong week as shareholders approved their 20-for-1 stock split giving holders 19 more shares. The change has launched AMZN more than +12% and holdings ETFs are following. The three ETFs with the top holdings in AMZN are: ProShares Online Retail ETF (ONLN) with 26.1%, the Consumer Discretionary Select Sector SPDR Fund (XLY) with 20.7%, and the Vanguard Consumer Discretionary ETF (VCR) with 19.2%.
Amazon Soars After Stock Split and Holding ETFs Follow
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The stock split will help make AMZN more accessible for more investors as it increases the amount of shares outstanding.