ETF Quote Details
|NAV (month end)||38.78|
|Premium (+)/Discount (-) (month end)||+0.54|
Zacks Premium Research for WITE
|Zacks ETF Rank [?]||Buy 2|
|ETF Risk [?]||NA|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
|Issuer||ETF SECURITIES USA|
This looks to reflect the price of all three precious metals silver, palladium, and platinum less the expenses of the trust. The metals are held in secure vaults in Europe where third-party inspections are performed twice a year. Each share contains the following ratio among the metals: 1.0 ounce of silver, 0.01 ounces of platinum & 0.008 ounces of palladium.
WITE are issued by ETFS White Metals Basket Trust, the Trust. Its investment objective is for the Shares to reflect the performance of the price of a basket of silver, platinum and palladium bullion, less the expenses of the Trust?s operations. The Shares are designed for investors who want a cost-effective and convenient way to invest in physically-backed precious metals.