ETFs To Ride High On Tesla's Robust Q1 Delivery Numbers

ARK Autonomous Technology & Robotics ETF (ARKQ - Free Report)

This is an actively managed ETF seeking long-term capital appreciation by investing in companies that benefit from the development of new products or services as well as technological improvement and advancements in scientific research related to energy, automation and manufacturing, materials and transportation. This approach results in a basket of 36 stocks with TSLA occupying the top spot with 10.2% share. The product has accumulated $150.4 million in its asset base and charges 75 bps in fees per year.

MicroSectors FANG+ ETN (FNGS - Free Report)

This ETN is linked to the performance of the NYSE FANG+ Index, which is an equal dollar weighted index, designed to provide exposure to a group of highly-traded growth stocks of next-generation technology and tech-enabled companies. It holds 10 equal-weighted stocks in its basket with Tesla accounting for 10% share. The product has accumulated $30.1 million in its asset base and charges 58 bps in annual fees.

ARK Web x.0 ETF (ARKW - Free Report)

This is an actively managed fund focusing on companies that are expected to benefit from the shift in technology infrastructure to the cloud, enabling mobile, new and local services. The fund holds 41 stocks in its basket with Tesla occupying the top position at 10%. The ETF has amassed $444.7 million in its asset base and its expense ratio is 0.76%.

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