Munificent Seven ETF (BBLS)
Munificent Seven ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $24.69, down 0.78% on the session, giving a market capitalisation of $8.1M. On trailing twelve-month figures it carries a trailing P/E of -2974.71, a net margin of -21.4%. Its beta of -0.88 implies it has historically moved less than the broad market.
Munificent Seven ETF is an actively managed exchange-traded fund that seeks long-term capital growth by providing concentrated exposure to seven major global energy companies positioned to benefit from the growing power and infrastructure requirements of artificial intelligence. The fund invests primarily in ExxonMobil, Chevron, ConocoPhillips, Shell, TotalEnergies, BP, and Equinor, which it collectively refers to as the “Munificent Seven.” The fund focuses on companies involved in energy production and infrastructure that may benefit from increasing electricity demand associated with AI data centers and other energy-intensive technologies.