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Exchange-traded funds with the largest Walmart holdings (NYSE: WMT) rose on Thursday as shares of the world’s largest retailer hit a record high and the company issued an upbeat assessment of U.S. economic activity.
Walmart (WMT) reached a historic high of $74.43 and was the second biggest gainer in the Dow Jones Industrial Average (DJI) during Thursday’s session. It rose more than +6% and was on track for its best session since 2020. The rally was fueled by Walmart’s (WMT) stronger than expected results in the second quarter and raised its forecast for the full year. The stock will trade on Friday without dividend entitlement.
Meanwhile, Walmart CFO John Rainey expressed confidence in the overall economy on the company’s conference call. “In this environment, it’s responsible or prudent to be a little cautious on the outlook, but we’re not forecasting a recession,” he said. That assessment came after recession fears recently led to a sell-off in U.S. stocks.
Here are the 10 ETFs with the largest Walmart (WMT) weightings (ETFs exclude leveraged and inverse funds):
- Consumer Staples Select Sector SPDR Fund (XLP) – Weighting: 10.7%
- Vanguard Consumer Staples Index Fund (VDC) – Weighting: 8.77%
- Fidelity MSCI Consumer Staples Index (FSTA) – Weighting: 8.59%
- VanEck Retail ETF (RTH) – Weighting: 8.32%
- iShares US Consumer Focused ETF (IEDI) – Weighting: 7.11%
- PGIM Jennison Focused Value ETF (PJFV) – Weighting: 6.48%
- Newday Ocean Health ETF (AHOY) – Weighting: 5.05%
- Pacer BioThreat Strategy ETF (VIRS) – Weighting: 4.89%
- Simplify Next Intangible Core Index ETF (NXTI) – Weighting: 4.8%
- iShares Global Consumer Staples ETF (KXI) – Weighting: 4.51%
