Trenchless Fund ETF (RVER)
Market Closed
10 Aug, 20:00
ARCA ARCA Primary $
36. 87
+0.09
+0.2338%
$
150.81M Market Cap
- Div Yield
1,875 Volume
$ 36.78
Previous Close Investors:
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RVER: Can This New Active GARP ETF Deliver On Its Bold Objective?
This article initiates my coverage of the Trenchless Fund ETF by River1 Asset Management. RVER is actively managed with a 0.65% ER and typically holds only 12-25 stocks. Growth-at-a-reasonable-price is the main objective. RVER's managers select from a wide universe of stocks and have created a portfolio featuring twice the growth of SPY trading at the same valuation. However, RVER's current selections are extremely volatile, evidenced by the portfolio's 1.36 weighted average five-year beta. Their margins are also relatively weak, suggesting quality is not a key focus.
Seekingalpha | 1 year ago
