Nationwide Dow Jones Risk-Managed Income ETF (NDJI)
Nationwide Dow Jones Risk-Managed Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Columbus, OH, US. The stock last traded at $21.46, up 0.19% on the session, giving a market capitalisation of $19.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) constructs its portfolio using the equities that make up the Dow Jones Industrial Average, in addition to implementing an options collar on the index itself. The Dow Jones Industrial Average, its reference benchmark, is a price-weighted index featuring shares from thirty prominent U.S. blue-chip corporations. Under typical market conditions, at least 80% of the fund's total assets will be committed to either direct securities or derivative instruments connected to companies included in this reference index. The fund operates as a non-diversified investment vehicle.
Nationwide Dow Jones Risk-Managed Income ETF is most often compared with the following Financial Services names: