Media ETFs Eye Gains After CBS Results

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Exchange traded funds (ETFs) that track the media sector should get a partial lift Wednesday from CBS ( CBS ), which saw its shares rise nearly 5% in after-hours trade Tuesday following quarterly earnings.

CBS beat Wall Street expectations and raised its dividend.

The stock is the second-largest holding in PowerShares Dynamic Media Portfolio (NYSEArca: PBS) at more than 5% of assets.

The ETF is up about 12% so far this year to outperform the S&P 500.

PowerShares Dynamic Media Portfolio


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing ETFs
Referenced Stocks: CBS


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