Summary
KRMA Chart
KRMA: This Stakeholder-Friendly ETF Is Not What It Seems
The Global X Conscious Companies ETF was the first ETF to utilize the multi-stakeholder operating system, which links a company's success to its relationships with five key stakeholders. However, I found it strange that nearly all of the market's most influential stocks qualified. Moreover, KRMA's equal-weighting scheme makes crucial exceptions for the mega-caps. Calling KRMA "stakeholder-friendly" may be good marketing, but it should not be used to justify its 0.43% expense ratio. As a result, I've assigned KRMA a "sell" rating.
Global X Conscious Companies ETF (NASDAQ:KRMA) Shares Sold by Kingsview Wealth Management LLC
Kingsview Wealth Management LLC trimmed its holdings in shares of Global X Conscious Companies ETF (NASDAQ:KRMA – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,626 shares of the company’s stock after selling 1,089 shares during the period. Kingsview Wealth Management LLC owned 0.19% of Global X Conscious Companies ETF worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its holdings in Global X Conscious Companies ETF by 21.8% during the 3rd quarter. Allworth Financial LP now owns 4,360 shares of the company’s stock valued at $130,000 after purchasing an additional 779 shares in the last quarter. Farrow Financial Inc. acquired a new stake in shares of Global X Conscious Companies ETF during the fourth quarter valued at about $271,000. Western Wealth Management LLC purchased a new stake in shares of Global X Conscious Companies ETF during the fourth quarter worth about $380,000. Wealthfront Advisers LLC lifted its stake in shares of Global X Conscious Companies ETF by 6.6% in the third quarter. Wealthfront Advisers LLC now owns 16,809 shares of the company’s stock worth $502,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Global X Conscious Companies ETF by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 20,096 shares of the company’s stock valued at $600,000 after purchasing an additional 475 shares during the last quarter. Global X Conscious Companies ETF Stock Up 0.2 % KRMA stock opened at $36.65 on Monday. The stock’s 50 day moving average is $35.58 and its two-hundred day moving average is $34.01. Global X Conscious Companies ETF has a 52-week low of $28.57 and a 52-week high of $36.67. The company has a market capitalization of $650.90 million, a PE ratio of 24.99 and a beta of 1.03. Global X Conscious Companies ETF Profile (Free Report) The Global X Conscious Companies ETF (KRMA) is an exchange-traded fund that is based on the Concinnity Conscious Companies GTR index. The fund tracks an equal-weighted index composed of U.S.-listed companies that exhibit environmental, social, and corporate governance (ESG) characteristics. KRMA was launched on Jul 11, 2016 and is managed by Global X.
Global X Conscious Companies ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 95 | $2,697.15 | $4,557.15 | $1,860 | 68.96% |
 Candace Cavalier Congress Wealth Management LLC / DE / | 9,635 | $356,415.4 | $462,528.17 | $106,112.77 | 29.77% |
| NZ Nabeed Zaman Eagle Strategies LLC | 6,139 | $229,130.46 | $294,365.05 | $65,234.59 | 28.47% |
 Michael Byun SageView Advisory Group LLC | 913 | $39,644 | $43,851.39 | $4,207.39 | 10.61% |
 Daniel Bennett APS Management Group Inc. | 12,510 | $539,816.15 | $602,356.5 | $62,540.35 | 11.59% |
Global X Conscious Companies ETF (KRMA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Global X Conscious Companies ETF ever had a stock split?
Global X Conscious Companies ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The company specializes in investment strategies that are not only designed to generate financial returns for investors but also to have a positive impact on society and the environment. In particular, the company focuses on investing in U.S.-listed companies that are committed to operating in a sustainable and responsible manner. This commitment is measured by the companies’ adherence to the principles of a multi-stakeholder operating system (MsOS). The MsOS framework emphasizes the importance of companies achieving positive outcomes that benefit not just shareholders but all stakeholders, including employees, customers, communities, and the environment. The fund allocates at least 80% of its total assets to securities that meet these criteria, aligning investment decisions with broader social and environmental goals.
Products and Services
The company offers investment products that focus on sustainable and responsible business practices:
- Sustainable Investment Fund:
This is the primary product of the company, where a minimum of 80% of the fund's total assets are invested in the securities of the underlying index. The underlying index targets U.S.-listed companies that exhibit a strong commitment to sustainable and responsible business operations based on the MsOS principles. The aim is to provide investors with exposure to companies that not only show potential for financial return but also demonstrate a positive impact on society and the environment.
