One Constituent Moves the Fund

A technology ETF is quoted at $250.00 \$250.00 per share. One of its holdings, Nexatek, makes up 7.5% 7.5\% of the fund by weight. Nexatek prints a trade at $189.00 \$189.00 , up from $180.00 \$180.00 a moment ago. Assume every other holding is unchanged and nothing else about the fund has moved.

Where should you now be quoting the ETF? Do it in your head.

Answer

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