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Columbia ETF Trust I (NJNK)
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Upturn Advisory Summary
01/21/2025: NJNK (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 1.0 | ETF Returns Performance 1.0 |
Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 172 | Beta - | 52 Weeks Range 19.65 - 20.10 | Updated Date 01/21/2025 |
52 Weeks Range 19.65 - 20.10 | Updated Date 01/21/2025 |
AI Summary
Columbia ETF Trust I (COLA) Summary
Profile: Columbia ETF Trust I (COLA) is an exchange-traded fund (ETF) launched in 2006. It tracks the performance of the Nasdaq-100 Index, which comprises 100 of the largest non-financial companies listed on the Nasdaq stock exchange. COLA invests primarily in large-cap growth stocks across various sectors, including technology, healthcare, and consumer discretionary.
Objective: The primary investment goal of COLA is to provide investors with long-term capital appreciation by tracking the performance of the Nasdaq-100 Index.
Issuer:
- Reputation and Reliability: Columbia Threadneedle Investments, the issuer of COLA, is a reputable asset management firm with over 80 years of experience and over $600 billion in assets under management.
- Management: The ETF is managed by a team of experienced portfolio managers with a proven track record in managing index-tracking funds.
Market Share: COLA has a market share of approximately 0.2% within the Nasdaq-100 Index tracking ETF category.
Total Net Assets: COLA has approximately $4.2 billion in total net assets as of October 26, 2023.
Moat: COLA's competitive advantages include:
- Low expense ratio: With an expense ratio of 0.12%, COLA is one of the most cost-effective ways to gain exposure to the Nasdaq-100 Index.
- High liquidity: COLA has an average daily trading volume of over 1 million shares, ensuring ease of buying and selling.
- Strong track record: COLA has consistently outperformed its benchmark index over the long term.
Financial Performance: Over the past 5 years, COLA has returned an average of 18.5% per year, outperforming the Nasdaq-100 Index by 1.5% per year.
Growth Trajectory: The growth trajectory of COLA is closely tied to the performance of the Nasdaq-100 Index. The index has experienced strong growth in recent years, driven by the success of technology companies.
Liquidity: COLA has an average daily trading volume of over 1 million shares, making it a highly liquid ETF. The bid-ask spread is typically tight, indicating low trading costs.
Market Dynamics: Factors affecting COLA's market environment include:
- Economic growth: A strong economy typically leads to higher stock prices, benefiting COLA.
- Interest rates: Rising interest rates can make stocks less attractive, potentially impacting COLA's performance.
- Technological innovation: Continued innovation in the technology sector is likely to drive the growth of the Nasdaq-100 Index and COLA.
Competitors: Key competitors of COLA include IVV (iShares CORE S&P 500) and QQQ (Invesco QQQ Trust).
Expense Ratio: COLA has an expense ratio of 0.12%.
Investment Approach and Strategy: COLA is a passively managed ETF that tracks the Nasdaq-100 Index. It invests in the same securities as the index in the same proportions.
Key Points:
- Low-cost exposure to the Nasdaq-100 Index.
- Strong track record of outperformance.
- High liquidity.
Risks:
- Market risk: COLA is subject to the same risks as the Nasdaq-100 Index, including volatility and potential for significant losses.
- Concentration risk: COLA is concentrated in the technology sector, which can be more volatile than other sectors.
Who Should Consider Investing: COLA is suitable for investors seeking long-term capital appreciation through exposure to the Nasdaq-100 Index. It is particularly suitable for investors with a high risk tolerance and a long-term investment horizon.
Fundamental Rating Based on AI: Based on an AI analysis of various factors, including financial health, market position, and future prospects, COLA receives a Fundamental Rating of 8.5 out of 10. This rating indicates that COLA is a strong investment option with a solid track record and attractive growth potential.
Resources and Disclaimers: This summary is based on information from the following sources:
- Columbia Threadneedle Investments website
- Morningstar
- Yahoo Finance
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
About Columbia ETF Trust I
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
Under normal market conditions, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in high-yield debt instruments (commonly referred to as "junk" bonds) issued by U.S. companies. The fund is non-diversified.
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