IQ Hedge Macro Tracker ETF (MCRO)
IQ Hedge Macro Tracker ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $25.80, up 0.01% on the session, giving a market capitalisation of $2.6M. Its beta of 0.34 implies it has historically moved less than the broad market.
Operating as a "fund of funds," this ETF typically commits a minimum of 80% of its net assets, alongside any borrowed capital used for investment, into the constituents of its reference index. These constituents are primarily composed of other funds. The selection of these underlying index components adheres strictly to a systematic, rules-based methodology established by IndexIQ for that specific benchmark.
IQ Hedge Macro Tracker ETF is most often compared with the following Financial Services names: