Amplify Travel Tech ETF (AWAY)
Amplify Travel Tech ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Lisle, IL, US. The stock last traded at $20.18, down 0.15% on the session, giving a market capitalisation of $25.5M. Its beta of 1.19 implies it has historically moved more than the broad market.
AWAY is the first ETF to provide access to the technology-focused global travel and tourism industry. It is a passively managed portfolio of companies that, via the internet and internet-connected devices, facilitates travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice. To be eligible for inclusion, descriptions of a companys primary business activities in its regulatory filings must be related to travel tech, and the majority of its revenue, according to its financial reports and other filings, must be derived from travel technology business activities. Index constituents are weighted based on market capitalization and average daily value traded, in which larger and more frequently traded companies receive greater weights. The index reconstitutes and rebalances quarterly. On January 29, 2024, the fund acquired all assets and liabilities of the ETFMG Travel Tech ETF, morphing into a new ETF that employs the same strategy.
Amplify Travel Tech ETF is most often compared with the following Financial Services names: