Zacks Earnings Consistent Portfolio ETF (ZECP)
Zacks Earnings Consistent Portfolio ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $38.57, up 0.14% on the session, giving a market capitalisation of $362.0M. Its beta of 0.85 implies it has historically moved less than the broad market.
ZECP actively invests in a portfolio of companies that exhibit high fundamental stability compared to the overall market through recessionary periods. The ETF starts with a universe of the largest 750 equity securities, of any market capitalization, listed in the US. The adviser then screens these companies for financial statement filing consistency, profitability, earnings stability in recessionary periods, valuation, and improving fundamentals. The surviving universe is further narrowed using a quantitative method which looks at: historic EPS stability, determined by evaluating the variability of the companys EPS over the past 15 years, and forecasted EPS stability, determined by evaluating the forecasted variability of the companys earnings over the next 2 years. 50-120 companies with the least variability are selected as constituents of the fund. The fund is generally rebalanced on a weekly basis.
Zacks Earnings Consistent Portfolio ETF is most often compared with the following Financial Services names: