Parnassus Value Select Fund (PRVS)
NYSE NYSE Primary Summary
PRVS Chart
Ethic Inc. Acquires New Holdings in Parnassus Value Select ETF $PRVS
Ethic Inc. acquired a new stake in shares of Parnassus Value Select ETF (NYSEARCA:PRVS) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,701 shares of the company's stock, valued at approximately $315,000. Ethic Inc. owned approximately 5.08%
Parnassus Value Select Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JM Joshua Moeller Hill Island Financial LLC | 15,356 | $390,379.24 | $481,564.16 | $91,184.92 | 23.36% |
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Parnassus Value Select Fund Profile
| NYSE Exchange | United States Country |
Overview
The Parnassus Value Select Fund is a distinctive mutual fund that aims to capitalize on undervalued stocks within the U.S. equity market through active management. It is driven by a value investment strategy, focusing on acquiring shares of high-quality, well-managed companies that are deemed to be trading below their intrinsic value. Notably, this fund integrates environmental, social, and governance (ESG) considerations into its investment process, standing out in the market for its commitment to sustainable and ethical investing practices. The fund targets sectors like technology, healthcare, industrials, and consumer goods, selecting companies with strong competitive advantages, robust financials, and responsible business practices. This approach not only seeks to generate financial returns but also aligns investments with long-term economic and social trends, making the Parnassus Value Select Fund an attractive option for investors interested in socially responsible investing (SRI).
Products and Services
- Active Management of U.S. Equity Investments
The Parnassus Value Select Fund is meticulously managed by a team of professionals who employ a hands-on approach to invest in undervalued stocks within the U.S. equity market. Through diligent analysis and a refined selection process, the fund seeks out companies with enduring competitive advantages and solid fundamentals, often at prices below their assessed true worth.
- Value Investment Strategy
This fund adheres to a value investing framework, aiming to purchase stocks of companies that appear underpriced relative to their intrinsic value. The strategy is predicated on identifying firms boasting strong management teams, remarkable competitive positions in their respective industries, and healthy financial structures, with a particular emphasis on those sectors deemed as having significant growth potential or resilience, such as technology, healthcare, industrials, and consumer goods.
- Integration of ESG Considerations
The Parnassus Value Select Fund distinguishes itself by integrating environmental, social, and governance (ESG) factors into its investment decision-making process. This approach allows the fund to invest in companies that not only have strong financial prospects but also adhere to high standards of corporate responsibility. The focus on ESG considerations reflects a broader commitment to investing in ways that are sustainable over the long term and ethically sound, catering to investors who seek to make a positive impact through their investment choices.
