Alps Equal Sector Weight ETF (EQL)
ARCA ARCA Primary Summary
EQL Chart
Is ALPS Equal Sector Weight ETF (EQL) a Strong ETF Right Now?
The ALPS Equal Sector Weight ETF (EQL) made its debut on 07/07/2009, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Blend category of the market.
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EQL Barely Budges as Tech Stocks Slide in June
The ALPS Equal Sector Weight ETF (EQL), finished June down just 0.10%, easily outpacing the S&P 500's 1.0% drop for the month. Key Takeaways: EQL's underlying index fell just 0.10% in June, versus the S&P 500's 1.0% drop.
Alps Equal Sector Weight ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| GCI GUIDANCE CAPITAL Inc. GUIDANCE CAPITAL Inc. | 6,318 | $300,484.08 | $324,839.97 | $24,355.89 | 8.11% |
 Jill Batley Gateway Wealth Partners LLC | 82,814 | $3.28M | $4.26M | $976,468.72 | 29.78% |
 Charles Corkery PUREfi Wealth, LLC | 17,692 | $738,641 | $906,980.38 | $168,339.38 | 22.79% |
 Amir Har-El Savvy Advisors, Inc. | 7,750 | $359,499.76 | $397,381.25 | $37,881.49 | 10.54% |
| SAM Smartleaf Asset Management LLC Smartleaf Asset Management LLC | 1,308 | $51,430.56 | $67,028.46 | $15,597.9 | 30.33% |
Alps Equal Sector Weight ETF (EQL) FAQ
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Alps Equal Sector Weight ETF Profile
| ARCA Exchange | US Country |
Overview
The described fund operates on a principle known as a "fund of funds" strategy, primarily aimed at tracking the performance of a specific underlying index. This underlying index is composed uniquely of ETFs, specifically all active Select Sector SPDR® ETFs, which are aggregated into an equal weighted portfolio. The goal of the fund is to closely mimic the index's performance by allocating at least 90% of its total assets into the shares of these Underlying Sector ETFs. An important aspect of this fund is its non-diversified nature, meaning it does not spread its investments across a broad spectrum of securities, but rather focuses on the specified ETFs within its strategy.
Products and Services
The fund's investment strategy revolves around the following key product and service:
- Underlying Sector ETF Investment
The cornerstone of the fund's operation is its investment in the shares of Underlying Sector ETFs. These ETFs are part of the Select Sector SPDR® series, which breaks down the broader market into specific sectors. By investing at least 90% of its total assets in these sector-specific ETFs, the fund aims to replicate the performance of its underlying index. This underlying index is a unique combination of all active Select Sector SPDR® ETFs, equally weighted to foster a balanced exposure across different sectors of the economy. The fund's focus on these ETFs underlines its targeted approach towards sector-specific investment, leveraging the benefits of sectoral performance while also engaging in a broader market strategy indirectly through the ETF's diversified holdings within each sector.
