The QRAFT AI-Enhanced US Large Cap ETF QRFT has added Casey's General Stores Inc CASY and DR Horton Inc DHI to its portfolio during November, according to data provided by the company. Casey’s and DR Horton now constitute 1.1% of each of the fund’s holdings.
Shares of Casey's have gained over 15% in the last month while DR Horton stock has gained over 18% in the same period.
Also Read: Investing For Beginners
Qraft, which was founded in South Korea in 2016, uses AI techniques, including machine learning and deep learning for its investment decision-making.
The QRFT ETF, which seeks to construct a portfolio that enhances the existing advantages of large-cap stocks while minimizing the disadvantages by choosing stocks with low risk but high alpha factors, added Health Care, Industrials and Consumer Discretionary to its portfolio during the month while it reduced allocations to Financials, Materials and Utilities.
Major Removals: The ETF has removed First Industrial Realty Trust, Inc. FR and Raymond James Financial RJF from its holdings during the quarter. Apple Inc AAPL and Microsoft Corp MSFT continues to remain the fund’s top holding in November.
Price Action: The QRAFT AI-Enhanced US Large Cap ETF has gained over 7% in the last month.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.