According to the ETF Finder at ETF Channel, SKT makes up 3.49% of the iShares FTSE NAREIT Retail Capped Index Fund ETF (RTL) which is up by about 0.6% on the day Friday.
In afternoon trading Friday, SKT was up about 0.4% on the day.
Jim Cramer makes the calls on Tanger Factory Outlet Centers, Gilead Sciences, and Qorvo in the 'Mad Money' Lightning Round.
Ahead of Fed's June meeting, investors will need to start paying close attention to Fed officials and economic data.
Outlet mall shopping has proven to be pretty resilient despite the growth of e-commerce, and this stock's valuation is cheap versus historic norms.