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By Market News Video Staff, Tuesday, October 26, 12:02 PM ET
The First Trust US IPO Index Fund (AMEX:FPX) is falling on Tuesday following an analyst report by Barclays concerning the fund's top holding. Barclays lowered its EPS estimates on shares of Visa (NYSE:V) to $3.85 for 2010 despite general optimism for the company and sector. The report from Barclays has Visa trading lower by about 1.3% today and FPX lower by about 0.4%.
Visa accounts for almost 11% of the ETF's portfolio, followed by Philip Morris Internatinal (NYSE:PM) at 9.9%, Time Warner Cable (NYSE:TWC) at 4.3% and Covidien (NYSE:COV) at 4.2%. For a full list of holdings, visit the FPX Holdings page.
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