Spear Alpha ETF (SPRX)
- Previous Close
22.61 - Open
22.66 - Bid 22.65 x 100
- Ask 22.75 x 100
- Day's Range
22.59 - 22.71 - 52 Week Range
15.55 - 25.66 - Volume
19,229 - Avg. Volume
41,506 - Net Assets 58.48M
- NAV 22.70
- PE Ratio (TTM) --
- Yield 0.00%
- YTD Daily Total Return 0.80%
- Beta (5Y Monthly) 1.38
- Expense Ratio (net) 0.75%
The fund is an actively-managed exchange-traded fund (“ETF”) that will invest primarily in equity securities, including common stock or American depositary receipts (“ADRs”) of companies that Spear Advisors LLC (the “Adviser”) believes are poised to benefit from breakthrough innovation in industrial technology. The Adviser defines “innovation in industrial technology” as those technological developments that are transforming or have the potential to transform the industrial sector. It is non-diversified.
Spear
Fund Family
Technology
Fund Category
58.48M
Net Assets
2021-08-03
Inception Date
Performance Overview: SPRX
View MoreTrailing returns as of 9/23/2024. Category is Technology.
People Also Watch
Holdings: SPRX
View MoreTop 10 Holdings (78.55% of Total Assets)
Sector Weightings
Recent News: SPRX
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Research Reports: SPRX
View MoreArgus Quick Note: Weekly Stock List for 09/23/2024: AI Spotlight on the Industrial Sector
Artificial intelligence has redefined the way certain industries operate within the Industrial sector, leading to notable advances in aerospace & defense, construction & engineering, and manufacturing. Why does this matter for investors? It makes companies more efficient and allows management to focus on profits and company goals. In aerospace & defense, AI is used in flight operations to analyze weather and air traffic data. Sensors also run predictive analytics that identify potential problems with an aircraft. In defense, AI provides tools for strategic decision-making, threat monitoring, and cybersecurity. Indeed, when defending against cyber-attacks, technology can learn patterns and create improved layers of protection. In construction and engineering, AI can optimize the design process, using advanced algorithms and simulations to identify the best configurations and optimal product performance. AI also has capabilities to efficiently allocate resources on a construction site and anticipate potential risks. The technology can provide real-time insights that help in negotiations with suppliers, task organization, and risk prevention. In manufacturing, AI solutions are analyzing production data and demand forecasts to streamline production schedules and resources planning. It is also improving the effectiveness of order-management systems to decrease fulfilment lead times. Studies by McKinsey have concluded that machine downtime can be reduced by 30%-50% and quality costs can be decreased by 10%-20%. Others have predicted that AI in manufacturing will be a $21 billion market by 2028. The following is a list of Argus BUY-rated stocks in the Industrial sector that are leaders in the use of AI.
Raising target price to $152.00
OSI SYSTEMS INC has an Investment Rating of HOLD; a target price of $152.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice TargetLowering target price to $145.00
OSI SYSTEMS INC has an Investment Rating of HOLD; a target price of $145.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice TargetRaising target price to $146.00
OSI SYSTEMS INC has an Investment Rating of HOLD; a target price of $146.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingPrice Target