Let's Ride The Good News In the Market With BUZZ ETF
πππI love good news in the markets! $VanEck Social Sentiment ETF(BUZZ)$ is an ETF that has a laser focus that is specially created to track the performance of 75 large Cap US stocks which exhibit the highest degree of positive investor sentiment and bullish perception. BUZZ does this by content aggregated from online sources including social media, news articles, blog posts and other alternative datasets.
Investor sentiment is an important factor in stock performance. BUZZ is an actively managed ETF that track investor sentiments by monitoring millions of online interactions.
BUZZ has done well since its inception on March 2 2021. BUZZ is up 1.6% on Tuesday and in the past 5 days it has risen by 5%. BUZZ 's year todate performance is up 26% and in 2023, BUZZ has risen 31%.
The Top 10 holdings include $Tesla Motors(TSLA)$
Not in the Top 10 holdings but in the Top 20 holdings are Super Micro Computer, Coinbase, Microstrategy, Lucid Group, Paramount Global, Rivian, Trump Media and many more.
Total weightage of Top 10 is 31%. Total number of holdings is 75.
These holdings are currently the most active stocks in the market. BUZZ uses a proprietary scoring model with single constituent weights capped at 3%. The ETF is reconstituted and rebalanced monthly. The expense ratio is 0.75%. Dividends are paid once a year. The current dividend yield is 0.44%.
Take for example Tesla. Its share price has been up 36% in just 1 month on news of better vehicle delivery figures. Tesla is the King of EV and recently Elon Musk showed his support for Donald Trump. So Tesla becomes a Trump Trade.
Palantir, the AI software data analytics company has risen by 14.5% in 1 month. Investors who bought Palantir at the end of 2022 have already notched a 355% gain over the past 18 months. This can be attributed to its revenue growth accelerating and its profits soaring.
AMD has risen 12% in just 1 month in tandem with Nvidia 's phenomenal rise. There is strong growth in AMD' s MI300/325 GPUs due to the high demand for AI chips.
Apple has overtaken Microsoft as the most valuable company in the world recently with a huge USD 3.6 trillion in market capitalisation. Apple is up 8.3% in just 1 month and has jumped 26% year todate.
I like that BUZZ does all the heavy lifting for me and weed out the non performing stocks. BUZZ is my favourite kind of ETF that will give my portfolio an added oomph with its focus on tracking stocks with positive sentiments.
Investing can be that simple with BUZZ!
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