Stock Track | Rocket Lab USA Soars 5.13% as ETFs Tracking Growth Stocks Gain Traction

Stock Track01-24 22:36

Rocket Lab USA, Inc. (RKLB) experienced a significant surge of 5.13% in its stock price during Friday's pre-market trading session. This upward movement can be attributed to the company's inclusion as a top holding in several actively managed exchange-traded funds (ETFs) focused on growth stocks and emerging technologies.

One of the noteworthy ETFs propelling RKLB's momentum is the Innovator IBD 50 ETF (FFTY), which currently holds Rocket Lab as its top position, comprising nearly 4% of its portfolio. This ETF specifically targets stocks showcasing robust relative price strength and solid fundamentals, aligning with the bullish sentiment surrounding Rocket Lab's prospects.

Additionally, the JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC), which tracks small-cap value stocks, also lists Rocket Lab among its top holdings. This exposure further underscores the growing investor interest in the rocket manufacturer's potential growth trajectory.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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