The Barron’s 400 ETF (NYSEArca: BFOR) and its underlying benchmark, the widely observed Barron’s 400 Index (B400), recently completed its semi-annual rebalance, increasing exposure to several sectors.
The Barron’s 400 Index takes 400 stocks from the broader MarketGrader U.S. Coverage Universe by using a methodology that selects components based on the strength of their fundamentals in growth, valuation, profitability and cash flow, and then screens components for certain criteria regarding concentration, market capitalization and liquidity.
New additions to BFOR’s underlying index include Visa (V), Intel (INTC), Lowe’s (LOW), Caterpillar (CAT), EOG Resources (EOG), CSX (CSX) and Synchrony Financial (SYF), according to a statement.
Notable deletions from the index include Verizon (VZ), Boeing (BA), AbbVie (ABBV), Walt Disney (DIS), Time Warner (TWX) and Celgene (CELG).
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BFOR also saw some important sector changes following the latest rebalance.
“On a sector basis, Consumer Discretionary, Energy, and Materials saw the biggest net gains in number of constituents, adding 9, 4 and 3 components, respectively,” according to the statement.