iBET Sports Betting & Gaming ETF
IBET
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Nov 15, 2021
- CIK
- 0001261788
- Similar Companies
- Business
- iBET Sports Betting & Gaming ETF (NASDAQ:IBET) is an actively managed exchange-traded fund that primarily invests in global equities of companies engaged in sports betting and gaming activities, including esports and iGaming. The fund offers investors exposure to a diversified portfolio of growth and value stocks across various market capitalizations in the consumer discretionary sector, with key holdings such as DraftKings Inc. (10.73%), Galaxy Entertainment Group Ltd. (7.45%), MGM China Holdings Ltd. (6.34%), Sands China Ltd. (6.30%), Wynn Macau Ltd. (6.15%), Caesars Entertainment Inc. (6.06%), Flutter Entertainment PLC (5.44%), Light & Wonder Inc. (4.52%), Las Vegas Sands Corp. (4.29%), and International Game Technology PLC (4.27%); it employs fundamental and quantitative analysis with bottom-up and top-down stock picking approaches. IBET targets operators in casinos and gaming, online gaming, lottery, bingo, bookie operations, racetrack betting, hotels, restaurants, and leisure segments worldwide. Launched on November 16, 2021, the ETF is sponsored and advised by Inherent Wealth Fund LLC, headquartered at Four Embarcadero Center, Suite 1400, San Francisco, California 94111, with sub-advisory services from Penserra Capital Management LLC and administration by U.S. Bancorp Fund Services, LLC. The fund maintains a net expense ratio of 0.79%, with assets under management of approximately $723.80 thousand as of recent data, and trades on the NASDAQ exchange with a creation unit of 25,000 shares. No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches, or reorganizations, have been reported for the ETF or its sponsor Inherent Wealth Fund LLC within the last 1-2 years; it continues to operate as an actively managed thematic equity vehicle amid ongoing industry developments in sports betting and gaming.