Bridgeway Capital Management has just announced the launch of a new ETF looking to track blue-chip stocks. The EA Bridgeway Blue Chip ETF (BBLU) will be actively managed planning to invest at least 80% of its net assets into blue-chip stocks. The companies considers its securities “blue-chip” if they’re among the 150 largest U.S. companies by market capitalization. BBLU will invest in around 35 of these “blue-chip” securities and will consider ESG research from third parties when choosing them.
ETF Newz Says:
As of launch BBLU’s top three holdings are, Chevron Corp. 4.37%, Visa Inc. 4.16%, and United Parcel Service Inc. 3.97%.