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.
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