Shares of Meta Platforms (META) sank sharply on Thursday, dropping more than 12% after the social media giant reported earnings that fell short of expectations.
The steep decline in META weighed heavily not only on its own stock but also on the broader tech-heavy Nasdaq Composite (COMP:IND) and rattled investor sentiment across multiple exchange-traded funds with significant META exposure.
The California-based tech giant is currently held in 637 ETFs, collectively owning over 309 million shares. The pullback underscores META’s outsized influence on tech-focused markets, highlighting how disappointing results from a single mega cap can ripple across the broader investment landscape.
Outlined below are Wall Street’s 10 ETFs that have the largest allocation towards META.
Derick Hudson
No. 1: GraniteShares 2x Long META Daily ETF (FBL), 99.96% allocation.
No. 2: Global X PureCap MSCI Communication Services ETF (GXPC), 26.45% allocation.
No. 3: iShares Global Comm Services ETF (IXP), 21.93% allocation.
No. 4: Fidelity MSCI Communication Services Index ETF (FCOM), 20.21% allocation.
No. 5: Vanguard Communication Services ETF (VOX), 20.02% allocation.
No. 6: Roundhill META WeeklyPay ETF (METW), 19.93% allocation.
No. 7: Communication Services Select Sector SPDR Fund (XLC), 15.21% allocation.
No. 8: Direxion Daily Magnificent 7 Bull 2X Shares (QQQU), 11.98% allocation.
No. 9: Direxion Daily META Bull 2X Shares (METU), 11.49% allocation.
No. 10: ProShares Ultra Communication Services (LTL), 10.69% allocation.
Meta Platforms Performance and Ratings
- 1-Month: -9.6%.
- 6-Month: +20.1%.
- Year-to-Date: +12.5%.
- SA Quant Rating: 3.47.
- SA Analyst Rating: 4.15.
- Wall Street Rating: 4.58.