RiverNorth Active Income ETF (CEFZ)
RiverNorth Active Income ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in San Diego, CA, US. The stock last traded at $8.35, up 0.24% on the session, giving a market capitalisation of $41.1M. Its beta of 0.84 implies it has historically moved less than the broad market.
The portfolio manager distributes the fund's capital across a combination of equity, fixed income, and cash or cash equivalents. This can be achieved either by acquiring stakes in other investment vehicles—such as closed-end funds (including business development companies or BDCs), exchange-traded funds (ETFs), and similar collective investment schemes (collectively known as "underlying funds")—or by making direct investments in individual securities. Typically, over half of the fund's total assets are channeled into these underlying funds to secure exposure to the aforementioned asset categories.
RiverNorth Active Income ETF is most often compared with the following Financial Services names: