SPAC and New Issue ETF (SPCX)
| Assets | $31.42M |
| NAV | $26.18 |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Shares Out | 1.20M |
| Dividend (ttm) | $0.36 |
| Dividend Yield | 1.37% |
| Ex-Dividend Date | Dec 27, 2021 |
| 1-Year Return | -8.62% |
| Volume | 575 |
| Open | 26.10 |
| Previous Close | 26.25 |
| Day's Range | 26.10 - 26.33 |
| 52-Week Low | 24.91 |
| 52-Week High | 28.99 |
| Beta | -0.01 |
| Holdings | 136 |
| Inception Date | Dec 16, 2020 |
About SPCX
Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in units and shares of Special Purpose Acquisitions Companies ("SPACs") that have a minimum capitalization of $100 million and companies that completed an initial public offering ("IPO") within the last two years. The fund may also invest in depositary receipts for cash management purposes or due to a lack of suitable investment opportunities, the fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities.
Top 10 Holdings
36.18% of assets| Name | Symbol | Weight |
|---|---|---|
| Global Consumer PCL | n/a | 6.52% |
| Adara Sponsor Llc B Share | n/a | 6.50% |
| Accelerate Acquisition | AAQC | 4.66% |
| Metals Acquisition | MTAL | 4.32% |
| Decarbonization Plus Acquisition IV | DCRD | 2.76% |
| TortoiseEcofin Acquisition III | TRTL | 2.43% |
| TPG Pace Beneficial II | YTPG | 2.34% |
| Acropolis Infrastructure Acquisition | ACRO | 2.33% |
| Worldwide Webb Acquisition | WWAC | 2.17% |
| Spree Acquisition 1 | SHAP | 2.14% |
News
Yield Focused Premerger SPAC ETF Debuts
CrossingBridge Advisors believes it can find short-term yields higher than government bonds.
ETF Edge, July 12, 2021
CNBC's Bob Pisani tracks the latest headlines in exchange-traded funds with WisdomTree's Jeremy Schwartz, WallachBeth Capital's Andrew McOrmond and Morgan Creek Capital Management's Mark Yusko.
IPOs See Best Q2 in 2 Decades: ETFs to Ride the Boom
The U.S. IPO market set another milestone in the second quarter with 113 IPOs raising $39.9 billion, marking the busiest quarter in over two decades.
U.S. IPO Market Sizzles: ETFs to Bet On
Some of the blockbuster IPOs of this year include South Korean e-commerce firm Coupang, cybersecurity firm Darktrace, and cryptocurrency exchange Coinbase Global.
2nd Pre-Merger SPAC ETF Launches
It's the first ETF product for fixed income group Robinson Capital.
ETFs to Tap the Booming U.S. IPO Market
The U.S. IPO raised $171 billion so far this year, surpassing last year's record of $168 billion and breaking the annual 2020 record within less than six months.
First Pure-Play De-SPAC ETFs, DSPC & SOGU, Launch on the NYSE
On Wednesday, the De-SPAC ETF (NYSE: DSPC) and the Short De-SPAC ETF (NYSE: SOGU) began trading on the New York Stock Exchange. They are the first ETFs to offer pure-play exposure to a basket of de-SPAC...
First Pure-Play De-SPAC ETFs Launch on the NYSE
NEW YORK, May 19, 2021 /PRNewswire/ -- The De-SPAC ETF (NYSE: DSPC) and The Short De-SPAC ETF (NYSE: SOGU) start trading on the New York Stock Exchange today. They are the first ETFs to offer pure-play ...
Analyzing the Future of the Special Purpose Acquisition Company (SPAC)
Blank-check transactions have slowed as compared to prior quarters, but that fact alone is not a commentary on the viability of the asset class itself. Investors that sense opportunity with special purp...
SPACs Have Cooled Off, But Active Management Could Keep Them On Top
Special purpose acquisition companies (SPACs) have recently encountered some rough spots. Investors may want to stay flexible in the space with active management and the SPAC and New Issue ETF (SPCX).
7 Overheated SPACs That Have Gotten Ahead of Themselves
These 7 SPACs could come under further pressure The post 7 Overheated SPACs That Have Gotten Ahead of Themselves appeared first on InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G ...
Active Management Is Thriving in the Bustling SPAC Space
Special purpose acquisition companies (SPACs) are all the rage on Wall Street. It's an asset class retail investors are widely embracing too.
Best SPAC ETFs for 2021
What's better than getting in on the ground floor of the hottest companies? Getting in on the ground floor of multiple.
SPACs Are Back: ‘SPCX' Joins a Hot Investment Space
SPACs were hot. Things then cooled off, but they may be ramping up again with so many special purpose acquisition companies coming to market.
Gambling on SPACs? Diversify With These 3 SPAC ETFs
SPACs generally are early-stage, sometimes pre-revenue companies. That alone supports a basket approach provided by these SPAC ETFs.
SPAC ETF Brew Grows Frothy
Investors should tread carefully when it comes to one of the frothiest parts of the market.
Are SPACs Losing Fervor? An Inverse ETF in the Making
Tuttle Tactical Management recently filed for an inverse ETF on SPACs.
SPACs Are Booming. So Is This Actively Managed Take
So many special purpose acquisition companies (SPACs), so little time. Active management could be the way to go with blank-check companies.
Navigate the SPAC Minefield with the Actively Managed ‘SPCX'
With more and more special purpose acquisition companies (SPACs) coming to market, the growing asset class can be a minefield for individual investors to navigate. Enter an actively managed fund in the ...
ETF of the Week: SPAC and New Issue ETF (SPCX)
ETF Trends CEO Tom Lydon discussed the SPAC and New Issue ETF (SPCX) on this week's “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. SPCX is an actively-managed fund that aims to provid...
A New ETF Strategy for the SPAC Surge
2020 was a lightning rod for financial innovation as a flurry of firms came to market through blank-check structures known as Special Purpose Acquisition Companies (SPACs). In fact, SPACs represented 50...
Battle Of 3 SPAC ETFs
Choose your flavor of SPAC access: index-based, SPAC-only active or active equal weight.
SPXZ, SPAK, SPCX: 3 SPAC ETFs Taking Part in Wall Street's Hottest Trend
As SPACs start to captivate Redditors and other day traders, investors should consider these three SPAC ETFs to profit from the leading trend. The post SPXZ, SPAK, SPCX: 3 SPAC ETFs Taking Part in Wall ...
SPACs Looking Spectacular in Actively Managed ETF Wrappers
Special purpose acquisition companies (SPACs) remain all the rage on Wall Street, and that theme is trickling down to the world of exchange traded funds. There are now three SPAC ETFs on the market, all...