The investment seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600® Capped Financials & Real Estate Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC compiles, maintains and calculates the index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the financial services sector, as defined by the Global Industry Classification Standard.
IPO Year: n/a
Exchange: NASDAQ
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The Macerich Company (NYSE:MAC) shares traded lower on Wednesday after Piper Sandler analyst Alexander Goldfarb downgraded the stock from Neutral to Under Weight and lowered the price target from $17 to $11. On Tuesday, the company reported Q1 sales of $208.783 million, beating the consensus of $205.112 million and FFO of $0.33. The company welcomed Jackson Hsieh as the new CEO and president and withdrew its FY24 guidance. The analyst writes that they think Hsieh is asking shareholders for another 3–4 years to restructure the company after enduring the same game plan that was executed twice before over the past decade is “a bridge too far.” Goldfarb argues that management is opti