Aptus Fortified Value ETF (FTVA)
Aptus Fortified Value ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $27.51, up 0.11% on the session, giving a market capitalisation of $34.9M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Aptus Fortified Value ETF (FTVA) endeavors to replicate the gross-of-expenses and fees performance of its benchmark, the Aptus Fortified Value Index. Under typical conditions, a minimum of 80% of the fund's total assets (excluding any collateral from securities lending activities) will be invested directly in the individual securities that comprise this index. The index itself is systematically constructed and assigns equal weight to its holdings, aiming to pinpoint 50 of the most deeply undervalued U.S.-listed common stocks and Real Estate Investment Trusts (REITs). Furthermore, it incorporates a strategic hedge designed to counteract substantial downturns in the broader U.S. equity market during times of elevated market valuations. It's important to note that this fund maintains a concentrated, non-diversified portfolio.
Aptus Fortified Value ETF is most often compared with the following Financial Services names: