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SIXA
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6 Meridian Mega Cap Equity ETF (SIXA)

Upturn stock ratingUpturn stock rating
$46.53
Delayed price
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
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Upturn Advisory Summary

04/01/2025: SIXA (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Analysis of Past Performance

Type ETF
Historic Profit 8.57%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Volume (30-day avg) 77826
Beta 0.73
52 Weeks Range 38.72 - 47.62
Updated Date 04/2/2025
52 Weeks Range 38.72 - 47.62
Updated Date 04/2/2025

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6 Meridian Mega Cap Equity ETF

stock logo

ETF Overview

overview logo Overview

The 6 Meridian Mega Cap Equity ETF (SIXP) seeks to provide investment results that correspond generally to the performance, before fees and expenses, of the 6 Meridian Mega Cap Index. It primarily invests in mega-cap U.S. equities, aiming for long-term capital appreciation.

reliability logo Reputation and Reliability

6 Meridian is a smaller issuer, and its ETFs may have shorter track records compared to larger, more established firms. Reputation within the ETF market is still developing.

reliability logo Management Expertise

Information on specific management team expertise for SIXP may be limited and requires further research.

Investment Objective

overview logo Goal

The primary investment goal is to replicate the performance of the 6 Meridian Mega Cap Index, focusing on long-term capital appreciation.

Investment Approach and Strategy

Strategy: The ETF aims to track the 6 Meridian Mega Cap Index. A passive investment strategy.

Composition The ETF primarily holds stocks of mega-cap U.S. companies.

Market Position

Market Share: Market share data for SIXP is not readily available due to its relatively small size compared to major competitors.

Total Net Assets (AUM): Data unavailable.

Competitors

overview logo Key Competitors

  • SPDR S&P 500 ETF Trust (SPY)
  • iShares Core S&P 500 ETF (IVV)
  • Vanguard S&P 500 ETF (VOO)

Competitive Landscape

The mega-cap equity ETF market is dominated by ETFs like SPY, IVV, and VOO. SIXP faces challenges in gaining significant market share due to its smaller size and potentially higher expense ratio compared to these established, low-cost competitors. Advantages may include a slightly different weighting methodology within its tracked index, if any, that could offer modest differentiation.

Financial Performance

Historical Performance: Historical performance data requires further research and data retrieval from financial data providers.

Benchmark Comparison: Performance compared to its benchmark requires historical performance data to be retrieved and compared.

Expense Ratio: Data unavailable.

Liquidity

Average Trading Volume

The average trading volume for SIXP is expected to be relatively low compared to larger, more established ETFs like SPY.

Bid-Ask Spread

Due to lower trading volume, the bid-ask spread for SIXP is likely to be wider compared to more liquid ETFs.

Market Dynamics

Market Environment Factors

Economic indicators, market sentiment towards mega-cap stocks, and overall market conditions influence SIXP's performance. Factors that benefit large-cap equities generally will favor this ETF.

Growth Trajectory

Growth trends depend on the ETF's ability to attract assets and the performance of its underlying index. Changes to the index or investment strategy would influence its trajectory.

Moat and Competitive Advantages

Competitive Edge

SIXP's competitive edge, if any, would rely on the unique construction of the 6 Meridian Mega Cap Index. It needs a differentiated strategy to attract assets away from established competitors. Superior performance and lower expense ratios could potentially create a competitive edge. Further research is needed to analyze the differences in weighting and selection methodology to determine any significant advantages.

Risk Analysis

Volatility

Volatility will be similar to other mega-cap equity ETFs tracking the S&P 500 or similar indices.

Market Risk

SIXP is subject to market risk, meaning the value of its holdings can decline due to broad market downturns or specific risks associated with the mega-cap companies it holds.

Investor Profile

Ideal Investor Profile

The ideal investor is someone seeking exposure to mega-cap U.S. equities and willing to consider a smaller, less liquid ETF. Investors comfortable with potentially higher expense ratios are also suitable.

Market Risk

SIXP may be suitable for long-term investors seeking capital appreciation but should be considered as a smaller portion of a diversified portfolio due to potential liquidity constraints.

Summary

6 Meridian Mega Cap Equity ETF (SIXP) seeks to mirror the performance of the 6 Meridian Mega Cap Index by investing in mega-cap U.S. equities. Its primary challenge is its relatively small size and lower liquidity compared to established mega-cap ETFs. Investors should weigh the potential benefits of its index construction against the potential risks of lower liquidity and potentially higher expense ratios. Further research is necessary to determine if SIXP offers a unique investment proposition compared to its larger competitors.

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Sources and Disclaimers

Data Sources:

  • ETF.com
  • Yahoo Finance
  • Company Fact Sheets (where available)

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor. Data is based on available information and may not be entirely accurate or complete. Market share and other financial data are estimates based on the available data.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About 6 Meridian Mega Cap Equity ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in mega capitalization equity securities. The Sub-Adviser considers mega capitalization companies to be the largest 10% of stocks included in the Russell 3000 Index by market capitalization. The equity securities in which it invests are mainly common stocks. The fund is non-diversified.

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