Diez added that the usual turnover for the Barron’s 400 is almost 42%, but the most recent rebalance saw constituent turnover of nearly 39%. The top three most represented sectors – Consumer Discretionary (19%), Financials (20%, the maximum allowed for any sector) and Industrials (19%) – remained the same
Those weights give the Barron’s 400 Index cyclical leverage to the strength of the U.S. economy, said Diez.
Apple (NasdaqGS: AAPL), Chipotle (NYSE: CMG) and Priceline (NasdaqGS: PCLN) are among the 19 companies that have been in the index for at least five years.
The Barron’s 400 Index was introduced by the venerable financial news magazine on the cover of its September 3, 2007 issue. It appears weekly in the magazine’s The Trader column.
Barron’s 400 ETF
Tom Lydon’s clients own shares of Apple. Todd Shriber owns shares of J&J.