FLOW - COWZ June Reconstitution: 29 Substitutions Reshape This $26 Billion Cash Cows ETF
2024-06-23 22:43:26 ET
Summary
- COWZ underwent its quarterly reconstitution after business close Friday, substituting 29 stocks that significantly changed its composition. Notably, Technology exposure increased by 9% and Energy decreased by 5%.
- COWZ also added many small- and mid-cap stocks and now has 30% allocated to stocks with market caps under $10 billion, the most since I began coverage.
- There are important risk and quality implications investors should consider when buying smaller companies. To demonstrate, I will compare COWZ's fundamentals against three key free-cash-flow players: VFLO, FLOW, and COWS.
- This article also includes the full list of the quarterly additions and deletions and how they performed over the last three years.