Source: Benzinga Feeds
Google parent Alphabet (NASDAQ: GOOG GOOGL) joined rivals Apple (NASDAQ: AAPL ) and Microsoft (NASDAQ: MSFT ) in the prestigious $1 trillion market value club on Friday, aka “The Four Comma Club.” This is the first time the internet search giant has joined the $1 trillion pantheon and that’s good news not only for investors in the stock, but for those holding some of the nearly 170 exchange traded funds that own the stock. “Alphabet’s shares are among a small group of stocks found in the top holdings of both mutual funds and hedge funds, two types of institutions whose investing styles tend to be markedly different, a Goldman Sachs analysis showed,” reports Reuters. Some well-known ETFs are also big Alphabet holders. Let’s have a look at a few here. Fidelity MSCI Communication Services Index ETF (FCOM) By less than 20 basis points over the ETF with the second-largest Alphabet stake, the Fidelity MSCI Communication Services Index ETF (NYSEARCA: FCOM) leads the way with an 11.77% weight to the stock.