Nationwide S&P 500 Risk-Managed Income ETF (NSPI)
Nationwide S&P 500 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 $22.21, up 0.19% on the session, giving a market capitalisation of $17.8M. 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 primarily from the constituent stocks of the S&P 500 Index, while also employing an options collar strategy referencing the S&P 500. For context, the S&P 500 is composed of approximately 500 premier U.S.-listed corporations, which collectively account for roughly 80% of the overall market capitalization of the U.S. equity market. Under typical market conditions, a minimum of 80% of the fund's net assets will be dedicated to either direct securities or derivative instruments associated with the companies comprising its benchmark Index. It is important to note that this fund is classified as non-diversified.
Nationwide S&P 500 Risk-Managed Income ETF is most often compared with the following Financial Services names: