【how old is gunnar esiason】Democratic DEMZ ETF Launches On Election Day: What Investors Should Know
A new ETF will highlight the companies in the S&P 500 that give large contributions to the Democratic Party and related political action committees.
Thehow old is gunnar esiason DEMZ ETF:
The
DEMZ Political Contributions Fund ETF
(NASDAQ:
DEMZ
)
launched
Tuesday, Nov. 3, coinciding with the 2020 election.
The ETF selects components from the S&P 500 that give at least 75% of political contributions to the Democratic Party and related PACs.
Fund sponsor Reflection Asset Management utilizes third-party data around political contributions compiled by Goods Unite Us, a nonpartisan technology data platform, according to a filing by the ETF.
“DEMZ provides U.S. large-cap equity exposure, while maintaining the integrity of owning only those companies that share the investor’s commitment to Democratic causes and candidates,” said CEO Jason Britton.
Related Link:
30 Stocks And ETFs To Watch After 2020 Election Day
The ETF's Holdings:
The ETF
has 41 holdings
for its market debut.
The top five holdings in the ETF are
M&T Bank Corporation
(NYSE:
MTB
),
Colgate-Palmolive Corporation
(NYSE:
CL
),
Consolidated Edison
(NYSE:
ED
),
Alphabet Inc.
(NASDAQ:
GOOG
) (NASDAQ:
GOOGL
) and
Agilent Technologies Inc
(NYSE:
A
).
The company has strong weighting in technology stocks, which have been one of the top-performing sectors in 2020.
Along with Alphabet,
Apple Inc
(NASDAQ:
AAPL
),
International Business Machines Corporation
(NYSE:
IBM
) and
Nvidia Corporation
(NASDAQ:
NVDA
) are top 10 holdings.
Rival Republican ETF:
The
Point Bridge GOP Stock Tracker ETF
(BATS:
MAGA
) was launched in September 2017. The ETF holds S&P 500 component companies that make more donations to the Republican Party than Democrats.
The fund has 150 holdings, but does not hold many technology companies, as these companies tend to donate more to Democrats.
The founder of the fund said it will continue and keep the "MAGA" ticker symbol even if Donald Trump loses the 2020 election.
The MAGA ETF is down 7% in 2020 and has lost value since it first went public in 2017.
See more from Benzinga
Click here for options trades from Benzinga
Cathie Wood Sells Tesla Shares To Buy The Dips In Alibaba, Paypal
10 Stocks To Watch After Sports Betting Is Legalized In Louisiana, Maryland, South Dakota
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
View comments
相关推荐
- Halozyme Therapeutics, Inc. Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next
- BRIEF-Hytera Communications Expects To Win China Mobile's Bids For About 288 Mln Yuan
- Costello Law Group Maryland Lawyers A Law Firm In Baltimore MD Wins Settlement Worth Millions For Their Clients
- Nexon founder to sell controlling stake in gaming co's holding firm: Korea Economic Daily
- Buy Ferrari Stock After Scuderia-Velas NFT deal?
- Camila Cabello Debuts Blond Hair Makeover: See Her New Look
- Thousands march in Hong Kong against China repression after grim 2018
- The Top 10 Cryptocurrencies Aren’t The Most Actively Developed