Pacer Salt High truBeta US Market ETF (SLT)
Pacer Salt High truBeta US Market ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $39.22, down 0.65% on the session, giving a market capitalisation of $6.3M. Its beta of 1.49 implies it has historically moved more than the broad market.
Typically, the fund commits at least 80% of its overall assets, not including any collateral from securities lending, to investments in the component stocks of its benchmark index. Its underlying index employs an objective, rules-based methodology to construct an equally-weighted portfolio. This portfolio comprises approximately 100 U.S.-listed companies, specifically large and mid-capitalization stocks. The primary selection criterion for these constituents is their projected systematic risk, often called 'beta,' which must be among the highest relative to the overall market. Furthermore, this fund holds a non-diversified status.
Pacer Salt High truBeta US Market ETF is most often compared with the following Financial Services names: