|Bid||25.15 x 1000|
|Ask||0.00 x 1300|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.75%|
Fifty years after Apollo 11, commercial space travel shows enough promise to have some people betting it may be a trillion dollar business. Ron Epstein, research analyst at Bank of America Merill Lynch, explains how investors can get exposure to the space industry and who should be investing in it.
SpaceX successfully launched and landed its Falcon 9 rocket on the California coast today. Andrew Chanin, ProcureAm Co-Founder & CEO, joins Seana Smith on 'The Ticker' to discuss how his company's ETF is giving investors access into the space race.
The National Aeronautics and Space Administration, NASDA, receives funding from the annual federal budget passed by Congress. The European Organization for Nuclear Research, CERN, on the outskirts of Geneva has been facilitating the exchange of information between researchers working on the primary mission to discover the laws of the universe. Andrew Chanin,the CEO of ProcureAM, an ETP product issuer based in New York, highlights figures from the Space Report, published by the nonprofit Space Foundation, which states that the global space economy reached $414.75 billion in 2018.
Tesla CEO Elon Musk has already been touting the idea of establishing a livable colony on Mars and now, the National Aeronautics and Space Administration is ready to fund autonomous space habitats that will provide support to astronauts during exploration missions. NASA’s idea is the creation of a multi-university Space Technology Research Institute called Habitats Optimized for Missions of Exploration (HOME). The goal of HOME is to advance the design of autonomous systems for space habitats.
As the exchange-traded funds (ETFs) industry has grown and evolved, so have the number of offerings that can be considered unique, unusual or downright odd.It's safe to say that prosaic, easy to understand ETFs will always be the kings of the castle, but there are plenty of unusual ETFs that investors may want to investigate, too. And just because it's an unusual ETF doesn't mean it's a bad fund.On the other hand, unusual ETFs dedicated to obscure commodities, those that focus on isolated age demographics or those that have such complex methodologies you'd need to be a CFA to understand them probably are not applicable to most investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Momentum Stocks to Buy On the Dip Here are some unusual ETFs that are certainly interesting and applicable for use by a wider audience than some of the really oddball stuff out there. Direxion Russell 1000 Value Over Growth ETF (RWVG)Source: Shutterstock Expense ratio: 0.46% per year, or $46 on a $10,000 investment.The Direxion Russell 1000 Value Over Growth ETF (NYSEARCA:RWVG), which debuted in January, is a long/short fund. That on its own doesn't make it an unusual ETF because there are dozens of such products on the market. What makes RWVW (and its stablemates) unique is that its long/short strategy pertains directly to specific investment factors, in this case value and growth.RWVG targets the Russell 1000 Value/Growth 150/50 Net Spread Index. That's a mouthful of an index name, so let's put it is objective in simple terms: RWVG has 150% long component and a 50% short portion to arrive at net long exposure of 100%. Essentially, this unusual ETF is overweight some of the primary tenants of the Russell 1000 Value index, such as financial services, healthcare and energy stocks. Those sectors combine for nearly two-thirds of RWVG's roster.What makes this unusual ETF worth a gander right now, in addition to its concept being relatively straight forward, is that value stocks are finally showing signs of life after a lengthy slumber. It's possible for value and growth stocks to rise in unison, but this time around, many market observers believe value's redemption will come at the expense of growth and that could make RWVG's long/short methodology all the more potent. Global X Internet of Things ETF (SNSR)Source: Shutterstock Expense ratio: 0.68%The Global X Internet of Things ETF (NASDAQ:SNSR) isn't the most unusual ETF on the market, but it focuses on a still nascent investment and does the fit the bill as a thematic fund.Internet of Things, or IoT, "includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet," according to Global X.While SNSR is unique, if not unusual, it puts investors at the forefront of some mega-growth segments and is suitable for a wide variety of market participants. * 7 Tech Stocks You Should Avoid Now "The internet's backbone that allows billions of devices to smoothly connect consists of an extensive infrastructure from networking and equipment makers, including wireless systems, switches, routers, controllers, servers, and other hardware and software systems," according to Global X research. Hoya Capital Housing ETF (HOMZ)Source: Shutterstock Expense ratio: 0.45%Remember what I said earlier, the older the ETF industry gets, the fresher the concepts appear to be. If there was ever a sector that needed some refreshing, it was real estate, long the territory of boring funds. That has changed over the past couple of years thanks to up-and-coming funds such as the Hoya Capital Housing ETF (NYSEARCA:HOMZ).Many real estate ETFs focus on the commercial side of the industry, levering those funds to the decaying brick-and-mortar retail space. HOMZ goes in a different, potentially more lucrative direction by emphasizing residential real estate. That alone makes it an unusual ETF relative to some its stodgy competitors.It's also unusual to find a real estate ETF focusing on the following quartet of themes: 1) Home Ownership and Rental Operations; 2) Home Building and Construction; 3) Home Improvement and Furnishings; and 4) Home Financing, Technology & Services.HOMZ also pays its dividend on a monthly basis, something else that makes it an unusual ETF in the real estate arena and a trait that could make the fund more attractive to income investors. Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV)Source: Shutterstock Expense ratio: 0.25%As its name implies, the Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) has two purposes: to provide reduced volatility and exposure to stocks that are not sensitive to rising interest rates.According to Invesco, XRLV holds the 100 S&P 500 members "that exhibit both low volatility and low interest rate risk. The Underlying Index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments."What makes XRLV an unusual ETF isn't its methodology or investment objective. Those parts of the equation are easy to understand. The unusual part here is the ETF's resilience at a time when interest rates are falling and expected to continue doing so. * 10 Recession-Resistant Services Stocks to Buy Confirming the notion that XRLV is responding more to its low volatility objective than the rates dictum, the fund is up nearly 22% year-to-date and currently resides near record highs. Procure Space ETF (UFO)Source: Shutterstock Expense ratio: 0.75%The Procure Space ETF (NYSEARCA:UFO) is another newcomer to the world of unusual ETFs and perhaps the most unique of the bunch mentioned here. UFO, which holds 31 stocks, debuted in April and now has nearly $13 million in assets under management.It may seem an unusual for an ETF to focus on the final frontier, but UFO is at the corner of some compelling trends. Remember, Jeff Bezos and Elon Musk are racing to space, so maybe it's not a far-flung concept for regular investors to get a taste of the action, too. Along, the space robotics market is expected to swell to $3.5 billion by 2025."National organizations such as NASA, CSA, JAXA, etc., are introducing humanoid robots to perform the maintenance, servicing, and transportation operations to gain high efficiency, further developing the space robotics market. The rising trends of autonomous features and AI technology in robotic products will drive rapid industry expansion," according to ReportsGo.UFO appears to be taking off as highlighted by a gain of more than 6% over the past week.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 5 Unusual ETFs to Wrap Your Head Around appeared first on InvestorPlace.
Smart beta ETFs that follow customized indexing methodologies have quickly gained in popularity, and as the ETF industry refines the indexing process, a new breed of artificial intelligence and machine learning based strategies could begin to take shape. Robert Tull, President of ProcureAM, which offers the Procure Space ETF (UFO) , argued that A.I. and machine learning could be the next frontier for ETFs, CNBC reports. Tull explained that this new technology covers a new type of ensemble analytics, or a methodology that uses multiple learning algorithms to better predict performance.
According to a Space Robotics Market survey, the space robotics industry is expected to exceed $3.5 billion by the year 2025, which bodes well for investors looking for opportunities in the space industry via exchange-traded funds (ETFs). Additionally, the rise of technology, such as artificial intelligence (AI) is helping the industry achieve rapid expansion. Per a report by ReportsGo, "National organizations such as NASA, CSA, JAXA, etc., are introducing humanoid robots to perform the maintenance, servicing, and transportation operations to gain high efficiency, further developing the space robotics market.
LEVITTOWN, PA / ACCESSWIRE / July 16, 2019 / The Procure Space ETF (NYSE Arca: UFO), the inaugural fund launched by innovative exchange-traded product (ETP) issuer ProcureAM, recently celebrated three months of trading. Launched on April 11, UFO is the world’s first ETF to offer investors pure-play exposure to the burgeoning global space economy. This milestone is achieved as the space industry gears up to celebrate the 50th anniversary of NASA's Apollo 11 lunar landing on July 20, 2019.
LEVITTOWN, PA / ACCESSWIRE / July 10, 2019 / The Board of The Procure ETF Trust II recently declared its first quarterly dividend in the amount of $0.02 per share for shareholders of the Procure Space ETF (NYSE Arca: UFO). The dividend was distributed to shareholders of record as of July 1, 2019, and paid on July 2, 2019. This represents the first distribution for UFO and is composed of dividends from both domestic and international companies represented within the fund.
During a visit to the Kennedy Space Center in Florida, U.S. Treasury Secretary Steven Mnuchin threw his support behind space innovation, particularly its ability to spur job creation. It's something that U.S. President Donald Trump's administration is willing to back, especially after requesting an additional $1.6 billion for the National Aeronautics and Space Administration (NASA) to relaunch a program to return humans to the moon. "I think it’s very important to Florida’s economy.
The fast-growing $384 billion space industry is generating investor interest, and one recently launched exchange-traded fund, Procure Space ETF (UFO), is giving Wall Street a way to play the sector.
Dow Jones Industrial Average component Boeing Co. (NYSE:BA), the largest U.S. aerospace and defense company, has taken some lumps this year, induced by the grounding of the 737 Max passenger jet. However, defense stocks as a whole are still performing well.For its part, Boeing is up 17.53% year-to-date while the widely followed Dow Jones U.S. Select Aerospace & Defense Index, a broader gauge of defense stocks, is higher by more than 21%. When defense stocks are performing well, as they have for several years, increased spending is usually one of the catalysts."Global military expenditure reached its highest level last year since the end of the Cold War, fueled by increased spending in the United States and China, the world's two biggest economies," reports Reuters, citing the Stockholm International Peace Research Institute (SIPRI).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy That Ought to Buy Back Shares For investors that want to participate in the rally in defense stocks without having to stock pick in the group, here are some aerospace and defense exchange-traded funds (ETFs) to consider. iShares U.S. Aerospace & Defense ETF (ITA)Source: Shutterstock Expense ratio: 0.43% per year, or $43 on a $10,000 investmentThe iShares U.S. Aerospace & Defense ETF (CBOE:ITA) is the largest ETF dedicated to defense stocks and tracks the aforementioned Dow Jones U.S. Select Aerospace & Defense Index. ITA is a cap-weighted fund and is home to 34 defense stocks, including an almost 20% weight to Boeing. Shares of United Technologies Inc. (NYSE:UTX), another Dow stock, command 18.26% of ITA's weight. In other words, this is a top-heavy fund of defense stocks.ITA's top-heavy ways can be a benefit to investors when the U.S. is spending big on defense, something Uncle Sam has regularly done since Donald Trump became the 45th U.S. president."U.S. military spending rose 4.6 percent last year to reach $649 billion, leaving it still by far the world's biggest spender," according to Reuters. "It accounted for 36 percent of total global military expenditure, nearly equal to the following eight biggest-spending countries combined, SIPRI said."With another election year right around the corner, expect politicians to consider upping defense spending, which should up share prices of domestic defense stocks along the way. Procure Space ETF (UFO)Source: Shutterstock Expense ratio: 0.75%The Procure Space ETF (NYSEARCA:UFO) is the newest of the ETFs to be highlighted here, having debuted just three weeks ago. UFO tracks the S-Network Space Index."Approximately 80 percent of companies in the index derive the majority of revenues directly from their involvement in the space industry, enabling investors to potentially capture this growing segment of the global economy," according to ETF Trends.Not all of UFO's 30 holdings are defense stocks, but the new space ETF features ample aerospace and defense exposure. At least a third of the fund's holdings can be considered defense stocks, including Boeing and Raytheon Inc. (NYSE:RTN). Plus, investors choosing UFO as an avenue to defense stocks get the space industry growth kicker. * 7 Stocks That Are Soaring This Earnings Season As the issuer notes, decreasing costs are making space tourism more accessible and the creation of the U.S. Space Force brings significant government spending into the equation. SPDR S&P Aerospace & Defense ETF (XAR)Source: Shutterstock Expense ratio: 0.35%The SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) is an equal-weight collection of defense stocks that targets the S&P Aerospace & Defense Select Industry Index.The $1.34 billion XAR "seeks to provide exposure to the Aerospace & Defense segment of the S&P TMI, which comprises the following sub-industries: Aerospace & Defense," according to State Street.As an equal-weight fund, none of the 31 defense stocks in XAR command more than 4.98% of the ETF's weight and that diminishes the fund's concentration risk. However, XAR's equal-weight methodology does not diminish the fund's potency as highlighted by a year-to-date return of more than 22%. ETFMG Drone Economy Strategy ETF (IFLY)Source: Shutterstock Expense ratio: 0.75%Drone makers have been among the hottest names in the defense stocks space. Adding to the allure of drone makers is that many of these companies are mid caps or on the smaller side of large-cap territory. The ETFMG Drone Economy Strategy ETF (NYSEARCA:IFLY) is the first ETF dedicated to this segment of defense stocks. IFLY tracks the Reality Shares Drone Index and holds 53 stocks.IFLY certainly fits the bill as a thematic ETF, but the drone theme is credible and powered by legitimate growth expectations."Over the next five years, the US government is expected to increase spending on drones, in conjunction with the growing civilian commercial market," according to IFLY's issuer. "As more companies employ drone technology, as recreational demand expands significantly, and as innovation drives progress, IFLY stands to potentially benefit from market exposure to the drone industry." * 5 Best Telecom Stocks to Consider Buying Now This unique play on defense stocks is up 20.20% year-to-date. SPDR Kensho Future Security ETF (XKFS)Source: Shutterstock Expense ratio: 0.46%The SPDR Kensho Future Security ETF (NYSEARCA:XKFS) is another unique, futuristic approach to defense, though like some of the ETFs mentioned here, XKFS is not entirely dedicated to defense stocks. Do not argue with the performance, though, as this fund is up 26.52% year-to-date.XKFS tracks the S&P Kensho Future Security Index. That benchmark is "designed to capture companies whose products and services are driving innovation behind future security, which includes the areas of cybersecurity, advanced border security and the following areas for military application: robotics, drones and drone technologies, space technology, wearable technologies and virtual or augmented reality activities," according to State Street.While XKFS is not dedicated to defense stocks, aerospace and defense names represent nearly a third of the fund's holdings. This fund has a weighted average market value of $21.88 billion, indicating it has some small- and mid-cap exposure to defense stocks.Additionally, XKFS overs some leverage to fast-growing, non-defense themes, including cybersecurity, robotics and artificial intelligence.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 3 Scorching Hot Bank Stocks to Consider Now * 10 Stocks to Sell Before They Give Back 2019 Gains * 7 Stocks to Buy That Ought to Buy Back Shares Compare Brokers The post Play Some Offense With These 5 Defense ETFs appeared first on InvestorPlace.
Exchange-traded product (ETP) issuer ProcureAM, a wholly owned subsidiary of Procure Holdings, LLC, is boldly going where no one has gone before with the launch of the Procure Space ETF (NYSE Arca: UFO) – the world’s first global ETF to give investors pure-play access to the expanding space industry. UFO tracks (before fees and expenses) the S-Network Space Index, which focuses on companies that are significantly engaged in space-related activities.