RBB Fund Complex facilitates launch of SGI Enhanced NASDAQ-100® ETF (QXQ)
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Launch of QXQ ETF: RBB announces the launch of SGI Enhanced NASDAQ-100® ETF (NASDAQ: QXQ) by Summit Global Investments, LLC.
- Expansion of X-Series ETFs: QXQ is the third ETF in SGI's "X-Series" designed for current income generation, following GINX and USDX.
- Growth in ETF Assets: QXQ becomes the 25th ETF within RBB, increasing total ETF assets to over $7.3 billion.
- RBB's Market Leadership: RBB aims to lead in the ETF market, reducing expenses for shareholders and advisers while supporting innovative trends.
- Future Plans: RBB plans more ETF launches, with ETFs now constituting over 25% of total assets overseen by RBB.
Analyst Views on QXQ
Wall Street analysts forecast QXQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QXQ 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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Current: 27.739
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Current: 27.739
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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.
