Brookstone Ultra-Short Bond ETF (BAMU)
Brookstone Ultra-Short Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $25.32, up 0.06% on the session, giving a market capitalisation of $67.9M. Its beta of -0.02 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) aims to generate a strong and sustainable level of current income while ensuring high liquidity. To achieve this, it typically commits at least 80% of its net assets to U.S. Treasury obligations and investment-grade corporate bonds with maturities ranging from zero to two years. This allocation strategy particularly emphasizes ultra-short term U.S. Treasury securities. The fund also has the flexibility to invest in other ETFs that primarily hold similar fixed-income instruments.
Brookstone Ultra-Short Bond ETF is most often compared with the following Financial Services names: