FMC Excelsior Focus Equity ETFFMCX
FMCX
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
9% more capital invested
Capital invested by funds: $87.7M [Q2] → $95.6M (+$7.91M) [Q3]
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
0.02% less ownership
Funds ownership: 94.86% [Q2] → 94.84% (-0.02%) [Q3]
17% less funds holding
Funds holding: 6 [Q2] → 5 (-1) [Q3]
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Research analyst outlook
We haven’t received any recent analyst ratings for FMCX.
Financial journalist opinion
Neutral
24/7 Wall Street
2 weeks ago
Forget Berkshire Hathaway: Buy These 3 Cheap Active ETFs Instead
Fortune recently published an article about Berkshire Hathaway's (NYSE:BRK.B) net worth is $663 billion, 10 times higher than Nvidia's (NASDAQ:NVDA) and nearly 12 times Apple's (NASDAQ:AAPL).
Negative
Seeking Alpha
4 months ago
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.
Positive
ETF Trends
5 months ago
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.
Negative
Zacks Investment Research
1 year ago
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.
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