PortfolioPlus S&P Mid Cap ETF (PPMC)
PortfolioPlus S&P Mid Cap ETF operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $22.09, down 4.55% on the session, giving a market capitalisation of $2.2M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment vehicle endeavors to produce daily returns, before deducting fees and expenses, that are 135% of the daily fluctuations of the S&P Mid Cap 400® Index. Ordinarily, the fund allocates at least 80% of its net assets (which may include capital acquired through borrowing for investment) into securities that make up the index, exchange-traded funds (ETFs) designed to track the index, or other financial instruments that provide leveraged daily exposure to the index. The S&P Mid Cap 400® Index itself measures the performance of 400 medium-sized companies located within the United States. This fund is categorized as non-diversified.
PortfolioPlus S&P Mid Cap ETF is most often compared with the following Financial Services names: