Home to 107 stocks, PXMG is not the biggest mid-cap ETF out there as it has just $80.3 million in assets under management. Although the fund has average daily volume just 4,700 shares, it rarely trades at an excessive discount or premium to its net asset value. In fact, from the second quarter of 2012 through the end of the first quarter of 2013, the mid-point of PXMG’s bid/ask only traded at a discount to NAV of 0.5% to 0.99% one time, according to PowerShares data.
PXMG currently resides 13.9% above its 200-day moving average and 6.2% below its 52-week high. The ETF has an annual expense ratio of 0.39%.
PowerShares Fundamental Pure Mid Growth Portfolio
ETF Trends editorial team contributed to this post.