What Happened: The ETF’s latest portfolio after rebalancing in early December showed that it has also entirely divested its holdings in technology company$IBM Corp (IBM.US)$and oil giant$ConocoPhillips (COP.US)$.
The ETF, which has assets under management of $27.07 million, has a history of accurately predicting the price movements of Tesla’s shares.
The fund now has electric vehicle maker Tesla as its largest investment with a 7.7% weighting, followed by streaming giant Netflix with a weighting of 6.8% and biotechnology firm$Merck & Co (MRK.US)$with 5.1% weighting.
The other two stocks that make up the top five holdings in the AMOM portfolio are software company Autodesk with a 2.5% weighting and glucose monitoring systems maker$DexCom (DXCM.US)$with 2.4%.
Prior to the rebalancing, the ETF had Intel, PayPal, Moderna, IBM and ConocoPhillips as its five largest holdings.
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