The American Stock Exchange today began trading Internet
Architecture HOLDRSSM Depositary Receipts, which give
investors ownership interestin the stocks of 20 specified
companies involved in various aspects of the Internet
architecture business. A total of 2.7 million depositary
receipts were issued yesterday at $94.41 each and will trade
unde the symbol of IAH.
Internet Architecture HOLDRSSM represent investors undivided
beneficial ownership interest in each of 20 underlying
ompanies involved in the Internet Architecture business.
Investors may buy and sell the receipts in lots of 100
shares, just as they would any stock. Investors may also
cancel their depositary receipts, receiving the underlying
shares, or request creation of additional depositary
receipts by delivering to the trust the required underlying
stock.
Discussion about its stragegic and/or tactical uses are
welcome!
pcyhuang
huangcapital.com |
