Invests in a portfolio of 15 U.S. technology companies. Tracks the Solactive FANG Innovation Index. Now — the numbers.
Executive selling isn’t always bad news; people sell for personal reasons too. Still, the thin buying side is worth noting.
The stock trades 24% below its peak. The market has trimmed its expectations for the company.
It pays out $10.52 per share each year — regular cash for whoever holds the stock.
Over the last 12 months, executives reported 6 sells against just 0 buys. Not an alarm bell by itself, but a number worth watching.
Since the drop from its peak, buyer appetite hasn’t come back.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.