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ETFs Own Nearly $3 billion of Bank of America

By Market News Video Staff, Monday, October 4, 8:16 AM ET

Looking at ETFChannel.com's "Top ETF Stock Components" toplist, in total ETFs hold nearly $3 billion of Bank of America (NYSE:BAC) stock.

The SPDR S&P 500 ETF (AMEX:SPY) has more than $1 billion in Bank of America, Financial Select Sector SPDR Fund (AMEX:XLF) holds about $450 million and the S&P 500 Index Fund (AMEX:IVV) owns about $290 million of Bank of America. Next in line is the iShares Russell 1000 Value Index Fund (AMEX:IWD) at nearly $200 million of Bank of America.

In total, ETFs make up about 2.25% of the market cap of Bank of America.

Find the right mix of model portfolios today at PortfolioChannel.com


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