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Actionable news in FNG: AdvisorShares Investments, LLC,

New ETF for hot 'FANG' tech stocks begins trading just as bubble talk heats up

The FANG group of tech stocks is crushing expectations this year, and a new tech-based exchange traded fund is looking to capitalize on the momentum.

AdvisorShares on Wednesday debuted its New Tech and Media ETF under the ticker FNG. The fund will initially track 28 "disruptive innovators," the company said.

The acronym FANG was created by CNBC's Jim Cramer and refers to four high-growth technology stocks: Facebook,, Netflix and Google's parent, Alphabet.

While the four stocks have soared, Wall Street has been jittery about them, with analysts...