Spear Alpha ETF (SPRX)
Spear Alpha ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $49.77, up 5.04% on the session, giving a market capitalisation of $111.6M. Its beta of 2.22 implies it has historically moved more than the broad market.
The Spear Alpha ETF (SPRX) operates as an actively managed exchange-traded fund, primarily allocating its capital to equity securities. This includes both common shares and American Depositary Receipts (ADRs). The investment strategy, guided by Spear Advisors LLC (the Adviser), seeks out companies deemed poised to capitalize on transformative breakthroughs in industrial technology. Specifically, the Adviser defines 'industrial technology innovation' as technological advancements currently reshaping, or possessing the potential to fundamentally reshape, the industrial sector. It is important to note that this fund maintains a non-diversified portfolio.
Spear Alpha ETF is most often compared with the following Financial Services names: