Greece ETF Dragged Down by NBG Secondary Plans
April 15, 2014 at 14:21 PM EDT
Shares of the Global X FTSE Greece 20 ETF (NYSEArca: GREK) are off nearly 4% Tuesday on volume that is 83% above the daily average on news of a secondary offering from National Bank of Greece (NYSE: NBG). National Bank of Greece is GREK’s ninth-largest holding with a weight of 4.3%. The $222.3...
