SalesForce.com (CRM) set an all time high on Friday after announcing third quarter earnings.
The sales force automation company’s stock is up 83% year-to-date compared to a 7% gain for the broader market.
Even with a PE ratio of 200, SalesForce continues to exceed all expectations, growing revenue 30% and customer count by 27% in the latest quarter. And with a market cap of $15 billion, the company is still small relative to software giants like Microsoft and Oracle.
The exchange traded fund with the largest concentration in SalesForce is the S&P North American Technology-Software Index Fund (IGV) with 6.5% of the portfolio. IGV tracks the S&P North American Technology-Software Sector Index which includes companies that are producers of client/server, enterprise software, Internet software, PC and entertainment software. The ETF’s expense ratio is 0.48%.
For other ETF investing options, see the list of sector ETFs.