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The Qraft AI-Enhanced US Large Cap Momentum ETF (NYSE: AMOM), an exchange-traded fund driven by artificial intelligence, has acquired stakes in PayPal Holdings Inc. (NASDAQ: PYPL), Intel Corp. (NASDAQ: INTC) and Moderna Inc. (NASDAQ: MRNA), while entirely divesting its holdings in Amazon.com Inc. (NASDAQ: AMZN) and major retailers including Home Depot Inc. (NYSE: HD). What Happened: The ETF’s latest portfolio after rebalancing in early November showed that apart from e-commerce giant Amazon and home improvement retailer Home Depot, it has entirely divested its holdings in retailers Lowe’s Companies Inc. (NYSE: LOW) and Target Corp. (NYSE: TGT) as well as consumer products giant Colgate-Palmolive Company (NYSE: CL).
...read full article on Benzinga
