ABEQ - Absolute Core Strategy ETF
| Assets | $47.72M |
| NAV | $27.27 |
| Expense Ratio | 0.88% |
| PE Ratio | 20.65 |
| Beta (5Y) | -0.77 |
| Dividend (ttm) | $0.24 |
| Dividend Yield | 0.88% |
| Ex-Dividend Date | Dec 31, 2020 |
| 1-Year Return | - |
| Trading Day | April 21 |
| Last Price | $27.49 |
| Previous Close | $27.24 |
| Change ($) | 0.25 |
| Change (%) | 0.92% |
| Day's Open | 27.38 |
| Day's Range | 27.38 - 27.49 |
| Day's Volume | 1,356 |
| 52-Week Range | 20.70 - 27.49 |
Fund Description
The investment seeks positive absolute returns. The fund's investment sub-adviser (the Subadviser), seeks to achieve it's objective by investing primarily in equity securities of U.S. companies that the Subadviser believes are priced at a substantial discount to the Subadviser's estimate of fair value. The fund may invest in companies of any market capitalization and in any economic sector, including equity securities of foreign companies that trade on U.S. exchanges, either directly or through American Depositary Receipts (ADRs). It is non-diversified.
| Asset Class Equity | Inception Date Jan 22, 2020 |
| Exchange NYSEARCA | Ticker Symbol ABEQ |
| Index Tracked SSGA Total Stock Market Index | |
Top 10 Holdings
58.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Dollars | n/a | 17.30% |
| Berkshire Hathaway | BRK.B | 8.68% |
| DuPont | DD | 5.14% |
| Loews | L | 5.06% |
| Enbridge Inc | ENB.TO | 4.60% |
| Corteva | CTVA | 3.95% |
| Dominion Energy | D | 3.66% |
| Ingredion | INGR | 3.36% |
| Barrick Gold Corp | ABX.TO | 3.35% |
| Pfizer | PFE | 3.25% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2020 | $0.089 | Jan 4, 2021 |
| Jun 29, 2020 | $0.062 | Jul 1, 2020 |
These ETFs were launched in the first quarter and have amassed a decent asset base within days of hitting the market.
Absolute Investment Advisors, a group devoted to helping financial advisors diversify their portfolios and manage risk, launched a new ETF on NYSE Arca on Wednesday.