Reuters / Str Old More than 20% of Meredith Corporation's shares are owned by ETFs, with much of that being held in dividend-focused funds. This is among the highest percentages in the US market, and serves as a microcosm for the debate around the effect rapidly-growing ETF investment is having on the stock market. You may not have heard of Meredith Corporation, but its shareholder list highlights a tug-of-war in the stock market. A little known fact about the $2.4 billion media conglomerate is that well over 20% of its stock is owned by exchange-traded funds (ETFs).
An Obscure Company Is Ground Zero For The Biggest Debate In The Stock Market (mdp)
feedback@businessinsider.com (Business Insider), Business Insider
Sat, 10/21/2017 - 10:06am
Topics: reuters str old jason karp tourbillon capital dmirtry balyasny balyasny asset management wall street bank america merrill lynch victor lin watch dalio meredith corporation etfs meredith meredith etf suisse credit company biggest debate mdp stock market passive funds investment managers ownership shareholder holdings shares data companies price billion side dividend year rise effect time active benchmarks fact inflows growing stocks owned higher chunk opportunities fund finds event level happen markets price-insensitive short hedge investors single exposed
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