Internet Giants ETF Cuts Meta and Alphabet in Rebalance
Internet Giants ETF Cuts Meta and Alphabet in Rebalance The rebalance trimmed Meta from 7.37% to 6% and Alphabet from 7.25% to 6%, according to ETF Database. The move echoes themes from Morningstar's 2026 Global Outlook, which urged investors to reduce dependence on the Magnificent Seven and take advantage of more attractive valuations elsewhere in technology. The ALPS O'Shares Global Internet Giants ETF (OGIG)reduced its exposure to Meta Platforms Inc. (META)and Alphabet Inc. (GOOGL)during its Ma ...