Principal Sustainable Momentum Index ETF (PMOM)
Principal Sustainable Momentum Index ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $27.69, down 1.46% on the session, giving a market capitalisation of $4.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This ETF's primary goal is to mirror, as closely as possible and prior to expenses, the performance of the Nasdaq U.S. Sustainable Momentum Index. The fund typically allocates a minimum of 80% of its net assets, augmented by any borrowed capital for investment, to the specific equity holdings that constitute the index at the time of acquisition. The underlying index itself employs a systematic quantitative model to identify suitable stocks, encompassing both growth and value characteristics, from within the broader Nasdaq US Large Mid Cap Index. These selected securities are chosen for exhibiting sustained upward price momentum, a determination made by analyzing their historical stock performance across diverse timeframes and varying market environments.
Principal Sustainable Momentum Index ETF is most often compared with the following Financial Services names: