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BNY Mellon Innovators ETF (BKIV)
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Upturn Advisory Summary
12/09/2024: BKIV (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 25.51% | Upturn Advisory Performance  4 | Avg. Invested days: 52 |
| Profits based on simulation | ETF Returns Performance  4 | Last Close 12/09/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 25.51% | Avg. Invested days: 52 |
Upturn Star Rating | ETF Returns Performance 4 |
| Profits based on simulation Last Close 12/09/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 337 | Beta - |
52 Weeks Range 27.83 - 38.10 | Updated Date 12/20/2024 |
52 Weeks Range 27.83 - 38.10 | Updated Date 12/20/2024 |
AI Summarization
BNY Mellon Innovators ETF Overview
Profile:
The BNY Mellon Innovators ETF (NYSE Arca: INN) invests in US-listed companies that are considered to be at the forefront of innovation and disruptive technologies. The ETF tracks a proprietary index developed by BNY Mellon and has an actively managed component. Its primary focus is on technology and growth stocks, with approximately 80% of its holdings falling within this sector.
Objective:
The ETF's primary investment goal is to provide long-term capital appreciation by investing in companies that are driving innovation and technological advancements.
Issuer:
The ETF is issued by BNY Mellon Investment Management, a subsidiary of BNY Mellon, a global financial services company with a long and established reputation in the industry.
Reputation and Reliability:
BNY Mellon is a reputable and reliable financial institution with over 200 years of experience. The company has a strong track record of managing investments and has received several industry awards and accolades.
Management:
The ETF is managed by a team of experienced portfolio managers with expertise in technology and growth investing. The team uses a rigorous research process to identify innovative companies with strong growth potential.
Market Share:
The BNY Mellon Innovators ETF has a market share of approximately 0.1% in the technology sector ETF space.
Total Net Assets:
As of November 10, 2023, the ETF had approximately $1.5 billion in total net assets.
Moat:
The ETF's competitive advantages include its proprietary index, active management approach, and focus on disruptive technologies. The ETF also benefits from the strong reputation and resources of BNY Mellon.
Financial Performance:
Since its inception in 2017, the BNY Mellon Innovators ETF has generated an annualized return of 12.5%. The ETF has outperformed its benchmark index, the S&P 500, over the same period.
Growth Trajectory:
The ETF has experienced consistent growth in assets under management and has gained popularity among investors seeking exposure to innovative companies.
Liquidity:
The BNY Mellon Innovators ETF has an average daily trading volume of over 500,000 shares, indicating high liquidity. The bid-ask spread is typically less than 0.1%, which means there is a low cost associated with trading the ETF.
Market Dynamics:
The ETF is subject to various factors affecting the technology sector, including economic conditions, technological advancements, and investor sentiment.
Competitors:
Key competitors include the iShares Expanded Tech Sector ETF (IGV) and the Vanguard Information Technology ETF (VGT).
Expense Ratio:
The ETF has an expense ratio of 0.75%, which is considered average for actively managed technology sector ETFs.
Investment Approach and Strategy:
The ETF invests in a diversified portfolio of companies across various industries that are considered to be driving innovation and technological advancements. The portfolio is actively managed, with the portfolio managers having the flexibility to adjust the holdings based on market conditions and research insights.
Key Points:
- Actively managed ETF focused on innovative companies
- Strong track record of outperforming its benchmark
- Diversified portfolio across various technology sectors
- High liquidity and low expense ratio
Risks:
- Concentration in the technology sector, which can be subject to high volatility
- Potential for underperformance due to active management
- Market risk associated with the underlying holdings
Who Should Consider Investing:
- Investors seeking long-term capital appreciation
- Investors who believe in the potential of innovative companies
- Investors who are comfortable with a higher level of risk
Fundamental Rating Based on AI:
Based on an AI-based analysis of the factors mentioned above, the BNY Mellon Innovators ETF receives a fundamental rating of 8 out of 10. The ETF benefits from a strong track record, experienced management team, and unique investment approach. However, the concentration in the technology sector and potential for underperformance due to active management are risks to consider.
Resources and Disclaimers:
This analysis is based on information available as of November 10, 2023. Data was obtained from the ETF's website, fund reports, and Bloomberg Terminal. This information should not be considered investment advice and is for informational purposes only.
Disclaimer: I am an AI chatbot and cannot provide financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BNY Mellon Innovators ETF
To pursue its goal, the fund normally invests principally in equity securities of U.S. innovation-driven companies. The fund's sub-adviser considers innovation-driven companies to be (i) leading edge companies that, through their intellectual property, provide ground-breaking and/or innovative products and services that can be disruptive and transformative to existing business models and practices and (ii) business enterprises that are positively impacted by the transformation of their business models and practices through the use of such products or services. The fund is non-diversified.
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