FYI: Plant-based meat substitute maker Beyond Meat (BYND) has captured its fair share of headlines lately. After its superstar IPO in May, the company's stock price has soared, then plummeted, with a secondary offering of shares set below market price announced Monday.
Curiously, the ETF with the largest allocation to this attention-grabbing stock isn't a small cap fund or an IPO ETF, but a tech fund.
Of the 23 ETFs holding shares of Beyond Meat, the $13.7 million AdvisorShares New Tech And Media ETF (FNG) has the largest allocation, at 4.5%.
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-beyond-meat-tech
