Thursday , September 28 2023
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Netflix’s Rough Week Had Minimal Impact on Exposed ETFs

Netflix (NFLX) had a tough week as shares dropped more than 10%, though the dip seemed to have minimal impact on popular exchange-traded funds (ETFs) that are exposed to the streaming giant.

Key Takeaways

  • Shares of Netflix lost more than 10% this week after CFO Spencer Newmann warned of softer margins as the business adjusts to new initiatives.
  • The drop in stock price had little impact on popular ETFs with exposure to the company. 
  • The SPDR S&P 500 Trust (SPY), which owns 1.1% of all Netflix shares, dipped 0.5%. 

Netflix’s top ownership includes two major ETFs, according…

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