The 48-company ETF includes major labels, music streaming platforms, concert promoters and instrument and tech manufacturers.
The exchange-traded fund contains 50 stocks spanning music and entertainment, including Universal Music, Warner Music, Spotify and Disney.
The Billboard Global Music Index gained 5% this week, bringing its year-to-date improvement to 14.2%.
The Billboard Global Music Index improved 1.8% this week — up 8.8% so far this year.
The Billboard Global Music Index rose 1.3% overall as the U.S. Bureau of Labor Statistics reported that non-farm payroll employment rose by 339,000 in May.
The workers allegedly booked $173,000 on trades before news of the K-pop group's break caused the company's share price to fall 29%.
The Billboard Global Music Index fell 1.9% this week as 15 of its 21 stocks were in negative territory.
The radio company's shares haven't closed above $1 per share since July 2022.
The third-largest label marked the second straight quarter of lackluster results for its recorded music division, with revenue roughly flat over the year-ago period.
The stock climbed 15% on Friday as the company beat consensus with over $3 billion in revenue and forecast a strong year ahead.
