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RWVG - Direxion Russell 1000 Value Over Growth ETF

Stock Price: $58.03 USD 0.40 (0.69%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
After-hours: $58.03 0.00 (0.00%) Apr 16, 8:00 PM
Assets $43.52M
NAV $58.03
Expense Ratio 0.64%
PE Ratio 21.73
Beta (5Y) 1.10
Dividend (ttm) $0.60
Dividend Yield 1.04%
Ex-Dividend Date Dec 22, 2020
1-Year Return -
Trading Day April 16
Last Price $58.03
Previous Close $57.63
Change ($) 0.40
Change (%) 0.69%
Day's Open 57.79
Day's Range 57.93 - 58.03
Day's Volume 6,998
52-Week Range 36.74 - 58.28

Fund Description

The investment seeks investment results, before fees and expenses, that track the Russell 1000® Value/Growth 150/50 Net Spread Index (the index). The index measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Value Index (the Long Component) and 50% short exposure to the Russell 1000® Growth Index (the Short Component). The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds ("ETFs") that track the Long Component of the index. The fund is non-diversified.

Asset Class
Equity
Inception Date
Jan 16, 2019
Exchange
NYSEARCA
Ticker Symbol
RWVG
Index Tracked
Russell 1000 Value/Growth 150/50 Net Spread Index

Top 10 Holdings

105.32% of assets
NameSymbolWeight
iShares Russell 1000 Value ETFIWD95.05%
RUSSELL 1000 VALUE INDEX SWAPn/a58.00%
DREYFUS GOVT CASH MGMTn/a4.53%
GOLDMAN FINL SQ TRSRY INST 506n/a0.44%
GOLDMAN FINL SQ TRSRY INSn/a0.34%
Russell 1000 Growth Index SWAPn/a-53.04%
View All Holdings

Dividends

Ex-DividendAmountPay Date
Dec 22, 2020$0.273Dec 30, 2020
Jun 23, 2020$0.328Jun 30, 2020
Dec 23, 2019$0.692Dec 31, 2019
Jun 25, 2019$0.41Jul 2, 2019
Full Dividend History

News

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Chatter is increasing that the value factor could finally be ready to make a run at growth. While it remains to be seen just how credible that run will be, the Direxion Russell 1000 Value Over Growth ET...

9 months ago - ETF Trends

It's been a while since value stocks beat their growth rivals. In fact, the once-beloved value factor has mostly lagged growth, and by wide margins, over the past decade-plus.

9 months ago - Benzinga

The growth-fueled bull market may have had value investors scratching their heads wondering when their vaunted strategy would once again come to the fore.

11 months ago - ETF Trends

As Treasury yields fall to new lows, an inverted yield curve, which can indicate that a recession could be forthcoming, is reentering the current financial vernacular once again and sparking fears in th...

Other tickers mentioned: RWDC
1 year ago - ETF Trends

With the coronavirus showing its tangible effects on the announcement of Apple struggling to meet its revenue projections for the fiscal second quarter due to weakened sales in China, a sharp shift to v...

Other tickers mentioned: RWDC
1 year ago - ETF Trends

Unusual ETFs have potential, but investors should stay away from the complex and focus on tangible investment ideas.

Other tickers mentioned: HOMZ, SNSR, UFO, XRLV
1 year ago - InvestorPlace

Financial giant J.P. Morgan kicked off earnings season with a bang after it crushed analyst expectations with a strong showing from its trading operations in the fourth quarter.

Other tickers mentioned: RWDC
1 year ago - ETF Trends

Looking back on 2019, the market had one of its best performances in years, with the equities markets collectively up more than 28%.

Other tickers mentioned: RWGV
1 year ago - ETF Trends

A persisting story in the extended bull run is whether growth stocks have performed their swan song and value is ready to take the lead.

Other tickers mentioned: RWDC
1 year ago - ETF Trends

The markets, at times, exhibit uneven performances, and investors have been able to capitalize on the disparate returns in varying segments through ETFs that incorporate a relative weight strategy. “It ...

Other tickers mentioned: RWCD, RWDC, RWDE, RWED, RWGV, RWIU, RWSL ...
1 year ago - ETF Trends

Overpriced growth equities could be a risk heading into the final market sessions of 2019, according to global investment firm Morgan Stanley.

Other tickers mentioned: RWDC
1 year ago - ETF Trends

In Direxion Investments’ latest Relative Weight Spotlight, investors looked to add more international exposure as ETFs from abroad took in more capital in the month of October. Additionally, value and c...

Other tickers mentioned: RWCD, RWGV, RWIU
1 year ago - ETF Trends

Like crosstown rivals in sports, growth and value have been duking it out for factor investing supremacy in the extended bull run. One specific sector, however, should be on investors’ radars as the gro...

Other tickers mentioned: RWGV
1 year ago - ETF Trends

Costs continue to be a key driver when it comes to investors’ decisions on where to allocate their capital. As such, value equities could be seeing more strength through the rest of 2019 and it eked pas...

Other tickers mentioned: MTUM, RWGV, VLUE
1 year ago - ETF Trends

The rebound in September pushed many investors to shift into underperforming areas of the market, including exchange traded funds with a value tilt.

Other tickers mentioned: IWD, SPYV, VTV
1 year ago - ETF Trends