None of KNOW’s top-10 holdings accounted for more than 2.7% of the ETF’s weight at the end of the third quarter. That group included familiar names, such as Kohl’s (NYSE: KSS) as well as Dow components Microsoft (NasdaqGS: MSFT) and Travelers (NYSE: TRV).
KNOW also sporting a value tilt with a combined 47.5% of its weight allocated to financial services and consumer discretionary names. Not only is that a sign that insiders at companies from those sectors see value in what have been lagging sectors to this point this year, but also that investors should consier KNOW now because consumer discretionary and financial services ETFs have recently been perking up. [Missing Out on the Discretionary ETF Rally]
KNOW, which charges 0.65% per year, has a beta 1.19 against and a correlation of 0.93 to the S&P 500, according to Direxion data.
Direxion All Cap Insider Sentiment Shares
