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Media, Communication Services ETFs Jump on Elon Musk’s Twitter Holdings

By: ETF Trends

April 04, 2022 at 16:34 PM EDT

Media and communication services sector-related exchange traded funds jumped as Twitter (NasdaqGS: TWTR) surged on Elon Musk’s disclosed 9% stake in the social media company. On Monday, the Invesco Dynamic Media ETF (PBS) rose 3.1%. Meanwhile, Twitter shares jumped 28.3% on Monday. TWTR makes...

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Media, Communication Services ETFs Jump on Elon Musk’s Twitter Holdings