FMC Excelsior Focus Equity ETF
FMCX

$30.84

0.1%

Market Cap: $99.3M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more funds holding

Funds holding: 2 [Q1] → 6 (+4) [Q2]

0.12% more ownership

Funds ownership: 94.74% [Q1] → 94.86% (+0.12%) [Q2]

0% less capital invested

Capital invested by funds: $88M [Q1] → $87.7M (-$355K) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1

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Research analyst outlook

We haven’t received any recent analyst ratings for FMCX.

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Financial journalist opinion

FMCX: At 25.85x Forward Earnings, First Manhattan's Debut Active ETF Is Too Expensive

FMCX is a large-cap blend fund with a 0.70% expense ratio and $97 million in assets. Selecting only 25-30 U.S. stocks, FMCX is a portfolio of First Manhattan's highest-conviction ideas. The fund's portfolio manager is an industry veteran with over 27 years of experience as a value-oriented investor. However, FMCX's 25.85x forward P/E suggests otherwise. I found other inconsistencies when evaluating FMCX's trailing price-cash flow and trailing price-sales ratios, which wrapped into a value score that ranks just #205/251 in its category.

FMCX: At 25.85x Forward Earnings, First Manhattan's Debut Active ETF Is Too Expensive

Last Week in ETFs: Busy Week Welcomes 22 New ETFs

The U.S. ETF industry saw 22 new ETFs debut last week, which was the best one for launches across multiple months. The issuers launching funds include Capital Group, Direxion, First Trust, Invesco, NEOS, Neuberger Berman, newcomer Nightview Capital, PGIM, Strive, TCW and YieldMax.

Last Week in ETFs: Busy Week Welcomes 22 New ETFs

Zacks Investment Research

ETFs in Focus Post Oracle's Fiscal Q2 Earnings

Oracle (ORCL) provided downbeat revenue guidance, citing strong competition in the cloud-computing industry. However, it beat earnings estimates.

ETFs in Focus Post Oracle's Fiscal Q2 Earnings

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