Exchange-traded funds with big exposure to Nike, Inc. avoided the losses of the broader market Wednesday, as shares of the sports apparel maker surged nearly 10% on a rosy earnings report. The Amplify CWP Enhanced Dividend Income ETF , which has nearly 6% of its holdings in the stock, was virtually unchanged. The iShares Evolved U.S. Discretionary Spending ETF and the QRAFT AI-Enhanced U.S. High Dividend ETF , both of which have about 6% of their holdings in Nike stock, were both virtually unchanged for the day. The First Trust Dow 30 Equal Weight ETF , with a 4% holding, was down 0.4%. That beat the 0.9% decline in the S&P 500 . Wednesday marked Nike’s biggest gain since March 24, according to FactSet data.
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