Principal Healthcare Innovators ETF (BTEC)
Principal Healthcare Innovators ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $39.49, up 1.02% on the session, giving a market capitalisation of $16.2M. Its beta of 1.03 implies it has historically moved more than the broad market.
The fund typically allocates at least 80% of its overall assets, augmented by any borrowed capital used for investment, to equity holdings of companies within the healthcare industry. A considerable portion of its capital is directed towards innovative, early-stage businesses in areas such as medical equipment and supplies, pharmaceuticals, biotechnology, and the broader life sciences, many of which have not yet achieved consistent profitability.
Principal Healthcare Innovators ETF is most often compared with the following Financial Services names: