Bed Bath & Beyond Surge Lifts ETFs

Bed Bath & Beyond stock price soared on Monday on news of GamesStop chairman’s stake.

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Reviewed by: Jessica Ferringer
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Edited by: Jessica Ferringer

Bed Bath & Beyond Inc. surged in premarket trading on Monday, doubling in value after Ryan Cohen revealed that he had a nearly 10% stake in the company. Cohen is the co-founder of online retailer Chewy and is also chairman of GameStop. 

Using the Stock Finder tool shows that the stock is held within 82 different ETFs, with the largest holder being the Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), with a 1.45% allocation to the stock. This ETF tracks a market-cap-weighted index of consumer discretionary firms selected from the S&P SmallCap 600. 

Along with small cap ETFs, the stock is also found in thematic ETFs such as the Principal Millennials ETF (GENY) and the Global X Millennial Consumer ETF (MILN), along with active ETFs such as the Cambria Shareholder Yield ETF (SYLD)

Though the stock isn’t a significant holding within any ETF, the performance stands out against a backdrop where most equities have generally struggled. 

The stock is up 84% year-to-date. This is in comparison withto the SPDR S&P 500 ETF Trust (SPY), which is down 9.7% for the year, and the iShares Core S&P Small-Cap ETF (IJR) that’s fallen by 7.5% over the same time period. 

 

 
Contact Jessica Ferringer at [email protected] or follow her on Twitter 

Jessica Ferringer, CFA, is a writer and analyst for etf.com. She has 10 years of experience in investment research and due diligence, including helping to manage ETF portfolios. Jessica has a bachelor’s degree in economics from Lafayette College and an MBA from the University of Pittsburgh.