Guggenheim Shipping ETF(SEA)- NYSEARCA
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SEA Description
The Guggenheim Shipping ETF* (NYSE:SEA), seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called Dow Jones Global Shipping IndexSM. The Index measures the stock performance of high dividend-paying companies in the global shipping industry. The index universe is defined as all equity securities in the Dow Jones indexes database that are involved in the shipping industry globally that primarily transport goods and materials. Companies solely involved in shipping passengers are excluded from the Index. Stocks also must pass liquidity screens to be considered for the Index. The Index is weighted by float-adjusted market capitalization. The weights of individual components are capped at 20%.
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Sector: Services
Country: United States
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