The WEAR ETF
WEAR
Chicago Board Options Exchange- -
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.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 12, 2016
- Similar Companies
- Business
- The WEAR ETF (NYSE Arca: WEAR), sponsored by Exchange Traded Concepts LLC in partnership with Eve Capital LLC, is an exchange-traded fund that seeks to provide investment results tracking the price return performance of the EQM Wearables Index before fees and expenses. The fund invests primarily in equity securities and American Depositary Receipts of wearable technology companies involved in the development, manufacture, and sale of wearable devices for sports, wellness, industrial, military, lifestyle, infotainment, and healthcare applications; components and technologies enabling such devices, including sensors, displays, processors, and related software; and services supporting the wearable ecosystem, such as cloud computing platforms and data analytics tools. Core holdings derive significant revenues from wearable devices or components, with the index employing a modified equal-weighting methodology that applies a 1.5x multiplier to core constituents and selects securities with minimum market capitalization of $300 million, share prices above $5, and average daily trading volume of at least $2 million. In a major strategic shift in 2018, the ETF transitioned from its original wearable technology focus by changing its underlying index to the EQM Tactile AR/VR Virtual Technology Index, accompanied by a name change to the Tactile Analytics AR/VR Virtual Technologies Fund and a ticker symbol update to ARVR, aiming to capture growth in augmented and virtual reality technologies within the wearables sector. Exchange Traded Concepts, headquartered in Oklahoma City, Oklahoma, serves as the primary issuer and provider of turnkey ETF solutions, while Dallas, Texas-based Eve Capital acts as sponsor and maintains oversight of the fund's strategy amid low asset gathering challenges. Launched in December 2016, the WEAR ETF targets institutional and retail investors seeking thematic exposure to global wearable and emerging AR/VR technologies, with holdings spanning U.S. and international issuers, including emerging markets, though it has faced inactivity concerns as noted in recent listings. No significant partnerships, funding rounds, acquisitions, or new product launches have been reported in the last 1-2 years.