That Qraft AI-Enhanced US Large Cap Momentum ETF A MOTHER has bet on the retail giant Walmart Inc WMT which the company says now accounts for 7.8% of its portfolio.
The other two companies newly added to the ETF include Nutrien Ltd NTR which makes up 3.8% of the portfolio and Humana Inc BUZZ which accounts for 2.6% of the portfolio, it said.
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Actively managed by artificial intelligence, the ETF seeks to invest in US large-cap momentum stocks by profiting from the movement of existing market trends.
This fund has a track record of correctly predicting changes in the price of Tesla Inc. TSLA shares.
Removals: The fund said it had been removed ConocoPhillips POLICE OFFICER, Canadian Natural Resources CNQand posting balances BKNGpreviously among the top 10 holdings, from its portfolio.
In September, the ETF sold several of its technology holdings. The ETFs apple inc AAPL Stocks fell from 7.9% in August to zero over the month. Home Depot Inc HD remains his top holding at 7.9% of the portfolio, followed by Walmart at 7.8% and Lowes Companies Inc LOW At 4%.
The ETF added exposure to consumer staples, healthcare and industrials while reducing allocations to information technology, energy and consumer discretionary in October.
At the same time the QRAFT AI-Enhanced US Large Cap ETF QRFT has retained Apple as its top holding, increasing its stake from 3.1% of its portfolio in September to 3.2% in October. It has kept its stake in microsoft inc MSFT Shares accounted for 2.5% of the portfolio during the month while increasing its stake Class B from Berkshire Hathaway Inc (NYSE: BRK-B) shares from 1.7% to 1.9%.
Price promotion: AMOM is down over 30% year-to-date, while the QRFT is down over 26% year-to-date. In comparison, the Nasdaq Composite is down over 15% over the same period, while the S&P 500 is down over 23%.
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