Validea Market Legends ETF (VALX)
Validea Market Legends ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $18.35, up 0.03% on the session, giving a market capitalisation of $14.8M. Its beta of 1.51 implies it has historically moved more than the broad market.
The fund endeavors to mirror the financial performance of the Validea Market Legends Index, prior to accounting for any fees or expenses. Under ordinary market conditions, a minimum of 80% of the fund's overall assets (excluding collateral from securities lending activities) will be allocated to the individual components of that index. This index operates on a proprietary, systematic methodology, conceived by Validea Capital Management, LLC – the fund's investment adviser – which selects companies by applying the documented stock selection principles of historically distinguished investors.
Validea Market Legends ETF is most often compared with the following Financial Services names: