Media ETFs Climb on Buffett’s Berkshire Hathaway Paramount Position
May 17, 2022 at 16:48 PM EDT
Media sector-related exchange traded funds rallied Tuesday after Warren Buffet’s Berkshire Hathaway disclosed its large stake in Paramount Global (NYSE: PARA). On Tuesday, the Invesco Dynamic Media ETF (PBS) rose 3.0%, Invesco S&P 500 Equal Weight Communication Services ETF (EWCO) gained...
