Bridgeway Launches New EA Bridgeway Blue Chip ETF
Bridgeway Capital Management launched the EA Bridgeway Blue Chip ETFs (BBLU). The actively managed exchange-traded fund, which trades on the NYSE Arca, seeks to provide long-term total returns to capital by investing in blue chip stocks.
According to Bridgeway, under normal circumstances, BBLU invests at least 80% of its net assets (plus borrowings for investment purposes) in investment grade stocks determined at the time of purchase. For purposes of the fund’s investments, Bridgeway considers “blue chip stocks” to be stocks issued by the 150 largest US companies as defined by market capitalization. These stocks tend to be well-known and established companies.
Depending on funds simplified prospectus, BBLU’s management team uses a model-based statistical approach to select approximately 35 stocks in the blue chip category. This statistical approach was developed using academic theory and incorporates logic, data and evidence.
The investment process of Bridgeway’s stock selection process also incorporates material environmental, social and governance information as a consideration and excludes all tobacco companies. Gateway Uses ESG research and/or evaluation information provided by third parties when performing this analysis and taking into account ESG risks.
Funds three main holdings to October 17 are Chevron Corp. (weighted 4.37%), Visa Inc. (4.16%) and United Parcel Service Inc. (3.97%).
BBLU has a spend rate of 0.15%.
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