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Alps Workplace Equality Etf
I am not a stock trading expert, but I can provide you with some general information about ALPS Workplace Equality ETF (EQLT) that is listed on the New York Stock Exchange (NYSE). The ETF aims to track the performance of the S-Network Workplace Equality Index, which is designed to measure the performance of U.S. companies that are committed to diversity and equality in the workplace.
Financial Information:
* As of February 26, 2021, the net assets of EQLT are approximately $3.53 million.
* The ETF has an expense ratio of 0.50%, meaning that for every $100 invested, an investor will pay $0.50 in annual expenses.
* As of February 26, 2021, the ETF has a total of 253 holdings, with the top 10 holdings making up approximately 27.30% of the portfolio.
Earnings and Growth:
* EQLT's earnings growth depends on the earnings growth of its underlying holdings. Since the ETF tracks the S-Network Workplace Equality Index, the earnings growth will depend on the performance of U.S. companies that prioritize diversity and equality.
* The ETF's financial performance has been modest since its inception in October 2020. As of February 26, 2021, the ETF's year-to-date return is -0.76%, while its one-year return is -1.92%.
* However, it is important to note that EQLT's primary focus is on workplace equality, diversity, and inclusion rather than on maximizing financial returns. Therefore, investors should not compare its performance to traditional equity ETFs or index funds.
In summary, ALPS Workplace Equality ETF (EQLT) is an ETF that tracks the performance of U.S. companies that prioritize workplace equality and diversity. While its financial performance has been modest, the ETF offers investors an opportunity to invest in companies that align with their values and beliefs. As with any investment, it is important for investors to conduct their due diligence and evaluate the ETF's investment strategy, fees, and potential risks before investing.