A “Spin-Off” is a company that the parent will spin off to shareholders. Shareholders usually sell spinoffs in a portfolio. They look at it as a gift and don’t really spend a lot of time looking at the company itself. This ETF buys companies that have been spun off in the past 30 months but not in the previous 6 months.
One of the nice things about ETFs is that it can buy you access to a particular theme or sector or asset class. In this case, you are buying access to spinoff candidates. This has been one of the stronger performing ETFs. Spinoffs tend to do well because very often management groups set up spinoffs for success.
Guggenheim Spin-Off ETF is a American stock, trading under the symbol CSD-N on the NYSE Arca (CSD). It is usually referred to as AMEX:CSD or CSD-N
In the last year, there was no coverage of Guggenheim Spin-Off ETF published on Stockchase.
Guggenheim Spin-Off ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Guggenheim Spin-Off ETF.
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In the last year, there was no coverage of Guggenheim Spin-Off ETF published on Stockchase.
On 2024-10-11, Guggenheim Spin-Off ETF (CSD-N) stock closed at a price of $81.5227.
(Top Pick Feb 7/14, Up 5.00%) Companies that have been spun off. Shareholders receiving the stock usually sell them. This EFT buys them after the first 6 months. They are usually good companies.