Pickens Morningstar Renewable Energy Response ETF (RENW)
Pickens Morningstar Renewable Energy Response ETF operates in the Asset Management industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $12.66, down 3.86% on the session, giving a market capitalisation of $12.1M. Its beta of 0.00 implies it has historically moved less than the broad market.
This Exchange Traded Fund (ETF) aims to mirror the investment performance, before deducting expenses and fees, of the Morningstar® North America Renewable EnergySM Index. Under typical market conditions, at least 80% of the fund's overall capital (excluding any assets pledged as collateral from securities lending) will be allocated to the individual securities that make up this index. The index itself is systematically constructed, employing a modified equal-weighting methodology and factoring in liquidity considerations. It consists of common stocks listed on U.S. and Canadian exchanges, issued by North American enterprises at the forefront of the transition to a more sustainable, low-carbon economic model. It is important for investors to be aware that this fund operates as a non-diversified investment vehicle.
Pickens Morningstar Renewable Energy Response ETF is most often compared with the following Financial Services names: