Microsoft

Aspen Technology Inc

Berkshire Hathaway Inc. - Ordinary Shares - Class A

Lowe's

Take-Two Interactive Software

Salesforce

Veralto Corp

General Electric

Oracle

FMC Excelsior Focus Equity ETF

FMCX is an actively managed, non-transparent fund that seeks long-term capital appreciation by targeting US-listed companies, selected using a research-intensive, bottom-up fundamental approach. The fund utilizes the Precidian non-transparent model.

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

Columbia Emerging Markets Consumer ETF

Direxion Hydrogen ETF

Direxion Daily Global Clean Energy Bull 2X Shares

Direxion Moonshot Innovators ETF

FT Vest US Equity Equal Weight Buffer ETF - June

Invesco S&P 500 Equal Weight ETF

SPDR S&P 500 ETF Trust

FT Cboe Vest International Equity Buffer ETF - June

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

Defiance Next Gen Connectivity ETF

iShares North American Tech-Software ETF

First Trust NASDAQ Technology Dividend Index Fund

FT Cboe Vest Technology Dividend Target Income ETF

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

Doubleline Shiller Cape US Equities ETF

American Century Focused Dynamic Growth ETF

Vanguard S&P 500 ETF

Vanguard Total Stock Market ETF

Active ETFs have gained in popularity in recent years. However, some pundits have prematurely taken out their shovels for some funds.

Semi-Transparent ETFs Are Alive and Well

First Manhattan Co. today launched its inaugural ETF, the FMC Excelsior Focus Equity ETF (FMCX). FMCX, listed on the NYSE on April 25, is an semi-transparent actively managed ETF that invests in First Manhattan's highest-conviction ideas driven by its fundamentals-based research.

Separate Account Provider First Manhattan Launches Inaugural Active ETF: FMCX

NEW YORK--(BUSINESS WIRE)--First Manhattan Co. (“First Manhattan”), an independently owned and operated investment advisory firm, today announced the launch of its inaugural exchange-traded fund, FMC Excelsior Focus Equity ETF (ticker: FMCX) (“FMCX” or the “Fund”), an actively managed ETF that invests in First Manhattan's highest-conviction ideas driven by its rigorous, fundamentals-based research. The Fund will invest in companies that First Manhattan believes possess durable competitive advan

First Manhattan Co. Launches Inaugural Actively Managed ETF—FMC Excelsior Focus Equity ETF (Ticker: FMCX)

News for FMC Excelsior Focus Equity ETF ETF (FMCX)