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Organics ETF (ORG) - >>> Whole Foods deal

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gfp927z   Saturday, 06/17/17 01:45:27 PM
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Organics ETF (ORG) - >>> Whole Foods deal lifts thinly traded Organics ETF


By Ryan Vlastelica

June 16, 2017



http://www.marketwatch.com/story/whole-foods-deal-lifts-thinly-traded-organics-etf-2017-06-16?siteid=bigcharts&dist=bigcharts



An exchange-traded fund dedicated to organic products rose on Friday, lifted after Amazon.com agreed to buy Whole Foods in a $13.7 billion deal. The Organics ETF ORG, +3.43% gained 2.9% in early trading, extending its year-to-date gain to 16.4%. Whole Foods WFM, +29.10% is the second-largest holding of the fund, comprising 18.1% of the portfolio. Shares of Whole Foods surged 27% in heavy trading on Friday, while Amazon.com AMZN, +2.44% was up 3.2%. The Organics ETF is small, with only $5.5 million in assets, and it is thinly traded, with a 30-day average below 4,000 shares, according to FactSet. Only 800 shares exchanged hands in the first half-hour of trading on Friday. <<<








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