ETF Has Shed Facebook Stake And Counts Tesla

The exchange-traded fund, which is driven by artificial intelligence, has removed social media giant $Facebook(FB.US)$ from its top 10 holdings even as the social media giant continues to be in $SPDR S&P 500 ETF(SPY.US)$ top 10 holdings.

The ETF’s latest portfolio after rebalancing at the end of September showed it now has electric vehicle maker $Tesla(TSLA.US)$ among the top 10 holdings in its portfolio with a 1.4% weightage.Tesla has ended up among the top 10 QRFT holdings amid the rebalancing. It isn't immediately clear if the ETF acquired a new stake in the electric vehicle maker or this was a result of the shuffling in other stocks.

The $Exchange Listed Funds Trust Qraft Ai Enhanced Us Large Cap Etf(QRFT.US)$ continues to have $Microsoft(MSFT.US)$ as its largest investment with a 3.2% weighting, followed by $Apple(AAPL.US)$ with a weighting of 2.8% and $Alphabet-C(GOOG.US)$ $Alphabet-A(GOOGL.US)$ with 2.0% weighting.