The ALPS Equal Sector Weight ETF (EQL) changed its benchmark on June 1, moving from the NYSE Equal Sector Weight Index to the VettaFi Modelist Equal Weight Sector 500 Index (VFES500). This shift means EQL will now hold individual stocks directly instead of sector SPDR ETFs, while maintaining equal exposure across 11 market sectors. The new index equally weights sectors but ranks stocks within each sector by market capitalization, allowing larger companies to have more influence. EQL has attracted strong investor interest with $197.45 million in net inflows year to date and maintains a 0.27% expense ratio. The change is structural rather than strategic, preserving EQL's core goal of balanced sector exposure.
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
Warren Buffett revealed he personally initiated Berkshire Hathaway's recent large investment in Alphabet, including a $10 billion private stock purchase last month. Despite stepping down as CEO earlier this year, Buffett remains chairman and works cl...
A group of publishers and authors, including Hachette and Elsevier, filed a class action lawsuit against Google, accusing it of using their copyrighted books to train its AI platform, Gemini, without permission. The lawsuit alleges Google also remove...
Demis Hassabis, head of Google's AI division, called for a U.S.-led standards body to evaluate new AI models for risks including cybersecurity and biological threats. He proposed a public-private partnership overseen by the federal government to test...
Jim Cramer highlighted that technology stocks remain the best area for investors seeking significant gains due to their ability to create new growth catalysts beyond quarterly earnings. He cited Meta, SK Hynix, and Alphabet as examples of companies u...
