Boeing Co. has been hit hard since one of its Max 737 jetliners crashed in Ethiopia Sunday, the second instance of a fatal crash involving that type of plane in less than five months. Countries around the world decided to ground 737 Max planes earlier this week, which the U.S. Federal Aviation Authority agreed to do Wednesday. At midday Thursday, Boeing's shares were trading at $374.61, down from $422.54 at last Friday's close.
Below are the mutual funds and exchange-traded funds with the biggest investments in Boeing, according to data from Morningstar Inc.
10. ProShares Ultra Dow30 (DDM) Portfolio weighting: 8.98% Assets under management: $377.3 million 9. ProShares UltraPro Dow30 (UDOW) Portfolio weighting: 9.03% Assets under management: $519.9 million 8. Direxion Daily Aerospace & Defense Bull 3X ETF (DFEN) Portfolio weighting: 9.27% Assets under management: $55.4 million 7. Industrial Select Sector SPDR ETF (XLI) Portfolio weighting: 9.37% Assets under management: $10.8 billion 6. SPDR Dow Jones Industrial Average ETF (DIA) Portfolio weighting: 10.57% Assets under management: $21.7 billion 5. Nuveen Dow 30 Dynamic Overwrite (DIAX) Portfolio weighting: 10.58% Assets under management: $650.8 million 4. Fidelity Select Air Transportation (FSAIX) Portfolio weighting: 11.73% Assets under management: $306.8 million 3. iShares US Aerospace & Defense ETF (ITA) Portfolio weighting: 12.36% Assets under management: $5.1 billion 2. Vanguard Market Neutral Fund (VMNIX) Portfolio weighting: 19.61% Assets under management: $1.4 billion 1. Fidelity Select Defense & Aero (FSDAX) Portfolio weighting: 20.27% Assets under management: $2.8 billion