What is the Republican inspired KRUZ ETF?
Recently the internet was rocked by the introduction of two political themed ETF’s: KRUZ (republican) and NANC (democrat).
In this post we’ll be focusing what is the KRUZ ETF and if you should invest in it.
What is the KRUZ ETF
Could it stand for Ted Cruz? It’s certainly possible. But the KRUZ ETF began on Feb. 7, 2023 and aims to copy the investments of Republican members of congress.
The KRUZ ETF can also include copying of Republican congress family members. It was established by the same group, who are responsible for the NANC ETF, Unusual Whales.
$NANC and $KRUZ, the Democratic and Republican Congressional Trading ETFs, are now available on all major exchanges after being added to Webull today
— unusual_whales (@unusual_whales) February 9, 2023
If you’ve been tracking politician’s stock performance, you’ll know that dozens of members of Congress beat the stock market despite significant declines, in 2022.
While there were also retail traders, who came out green in 2022, it’s not secret that the public is getting fed up with Washington D.C.’s corrupt behavior.
In fact, public outcry about politician’s being allowed to trade stocks got so loud, that there were even talks of a bill prohibiting members of congress from buying stocks.
BREAKING
Opposition has grown for the stock trading politician bill. Republicans have complained they didn’t have any role in drafting the measure and will vote no. Other Democrats have said they haven’t been given time to properly vet it, per Punchbowl News.
— unusual_whales (@unusual_whales) September 29, 2022
And yes, you guessed it. The bill never made it to vote. Surprise, surprise.
So instead of getting angry toward the greedy and corrupt, we can now take part in their trades by buying into KRUZ or NANC ETF’s.
What Stocks are in the KRUZ ETF
Before investing in something, you likely need to know what you’re buying before you see any potential profit.
Here’s a list of KRUZ ETF’s top holdings, including some notable energy sector stocks.
- Magellan Midstream Partners, L.P. ($MMP) 3.47%
- Microsoft Corporation ($MSFT) 2.64%
- Energy Transfer LP ($ET) 2.24%
- First American Funds X Government Obligations Fund ($FGXXX) 1.76%
- Dow, INC ($DOW) 1.76%
- Shell Plc Sponsored ADR ($SHEL) 1.60%
The full KRUZ ETF holdings are a blend between energy (oil) and technology services.
Here’s a look at the sector differences between $NANC and $KRUZ. No shocker, dems’ ports heavy tech, comm while repubs heavy energy, materials. Kinda similar to ESG vs anti-ESG ETFs. We interviewing issuer on ETF IQ today at 1pm. pic.twitter.com/fghvWflu8I
— Eric Balchunas (@EricBalchunas) February 13, 2023
So, will I be investing in the latest politician-themed ETF’s? Probably not.
However, I commend Unusual Whales for creating them because more transparency with politician stock trading is certainly needed.
🐘🦅