Harbor Capital Advisors Expands Growing ETF Lineup with the Harbor AlphaEdge Small Cap Earners ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 10 2024
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Source: businesswire
- Harbor Capital Advisors, Inc.: Added the Harbor AlphaEdge Small Cap Earners ETF (Ticker: EBIT) to its ETF offerings, focusing on profitable small cap companies.
- Investment Approach: EBIT eliminates unprofitable small cap companies from its investment universe to target profitable ones for potential alpha generation.
- EBIT Benefits: Designed for advisors seeking small cap exposure without concerns about profitability levels in the stock universe.
- Harbor's Focus: Emphasizes profitability in small cap exposure with EBIT to enhance investor returns in the small cap space.
- Important Information: Investors should consider risks, charges, and expenses before investing in the new ETF; no guarantee of achieving investment objectives.
Analyst Views on EBIT
Wall Street analysts forecast EBIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EBIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
