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Aug. 13, 2020, 11:54 a.m. EDT

ETFs with big Cisco stakes fall as network-equipment giant's stock set for worst day in 9 years

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By Andrea Riquier

Shares of Cisco Systems Inc. /zigman2/quotes/209509471/composite CSCO +0.55% slid more than 11% Thursday, on track for their worst day since February 2011, taking a few exchange-traded funds along with them. The iShares North American Tech-Multimedia Networking ETF /zigman2/quotes/209420584/composite IGN -0.38% , with 8.3% of its holdings in the equipment maker, fell 1.1% in the late morning. The First Trust NASDAQ Technhology Dividend Index Fund /zigman2/quotes/209799348/composite TDIV +0.46% , which has 7.2% of its portfolio in Cisco shares, lost 1%. The Invesco Buyback Achievers ETF /zigman2/quotes/203779514/composite PKW -0.15% , which has a 4.8% stake, was down 1.2%. The broader stock market /zigman2/quotes/210599714/realtime SPX +0.67% was flat, while the tech-heavy Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.09% rose 0.7%.

/zigman2/quotes/209509471/composite
US : U.S.: Nasdaq
$ 39.25
+0.21 +0.55%
Volume: 10.88M
Sept. 22, 2020 2:35p
P/E Ratio
14.92
Dividend Yield
3.67%
Market Cap
$165.27 billion
Rev. per Employee
$684,933
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/zigman2/quotes/209420584/composite
US : U.S.: NYSE Arca
$ 46.63
-0.18 -0.38%
Volume: 6,757
Sept. 22, 2020 1:13p
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/zigman2/quotes/209799348/composite
US : U.S.: Nasdaq
$ 43.41
+0.20 +0.46%
Volume: 43,716
Sept. 22, 2020 2:34p
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/zigman2/quotes/203779514/composite
US : U.S.: Nasdaq
$ 59.50
-0.09 -0.15%
Volume: 14,629
Sept. 22, 2020 2:35p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,302.90
+21.84 +0.67%
Volume: 1.44B
Sept. 22, 2020 2:35p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,896.73
+117.93 +1.09%
Volume: 2.19M
Sept. 22, 2020 2:35p
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