QUS is home to 617 stocks with a weighted average market value of $120.4 billion. The new ETF allocates nearly 21% of its weight to the technology sector and 15.7% to healthcare stocks. Consumer discretionary names and financials receive weights of 14% and 13.1%, respectively, according to issuer data.
Eight of QUS’ top 10 holdings are members of the Dow Jones Industrial Average with Gilead Sciences (NasdaqGS: GILD) and Qualcomm (NasdaqGS: QCOM) the outliers. Exxon Mobil (NYSE: XOM) is the new ETF’s largest holding at a weight of 3% followed by Apple (NasdaqGS: AAPL) at almost 2.7%.
QUS charges just 0.15% per year, which is low among smart beta ETFs.
QUS Top 10 Holdings
Table Courtesy: SSgA
ETF Trends editorial team contributed to this article. Tom Lydon’s clients own shares of Apple.