Portfolio Building Block European Banks Index ETF
PBEU
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Qiao Duan
- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 234 West Florida Street Milwaukee WI United States of America 53204
- IPO Date
- Nov 25, 2025
- CIK
- 0001999371
- Similar Companies
- Business
- Tidal Trust IV - Portfolio Building Block European Banks Index ETF (PBEU) is an exchange-traded fund that seeks to track the performance of an index comprised of European bank stocks, providing investors with targeted exposure to the European banking sector; it invests in public equity securities of companies operating across the banking industry in Europe, primarily through a portfolio of large-cap financial institutions domiciled or operating in Eurozone countries such as those represented in benchmarks like the STOXX Europe 600 Banks index components. The ETF offers a passive investment vehicle with a low expense ratio of 0.13%, daily liquidity on the Nasdaq exchange via creation and redemption in blocks of 10,000 shares by authorized participants, and exposure to liquid Eurozone banking names optimized for tradability. Operated under Tidal Trust IV, a statutory trust sponsored by Tidal Investments LLC, the ETF maintains its principal executive offices at 234 West Florida Street, Suite 203, Milwaukee, Wisconsin 53204, with additional operational support from Tidal Financial Group, an award-winning ETF platform headquartered in New York managing over 350 ETFs with more than $50 billion in assets under management as of October 2025. The fund targets institutional and retail investors seeking sector-specific exposure outside the U.S., focusing on geographic operations across Europe including Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, and the United Kingdom; it does not employ leverage or derivatives in its primary strategy. Portfolio management is handled by Charles Ragauss and Qiao Duan, who commenced oversight on the launch date. Launched on November 24, 2025, PBEU represents one of Tidal Financial Group's newest "Portfolio Building Block" offerings, expanding the platform's lineup amid a surge in single-sector and optimized index-tracking ETFs; the fund began trading on Nasdaq shortly after inception, achieving an initial assets under management of approximately $1.08 million with average daily trading volume around 383 shares. As a recently issued product, it reflects Tidal's ongoing strategy to introduce niche European equity ETFs, with no reported acquisitions, funding rounds, partnerships, or major operational changes within its brief operating history through December 2025; the ETF maintains a non-diversified structure focused exclusively on banks, aligning with broader industry trends toward granular geographic and sectoral exposure.