Comment by
dbbclb on Apr 01, 2021 2:43pm
Sorry the numbers did not copy to the post: 2,987,500 shares value 986,459 usd Portfolio Weighting .83%
Comment by
dbbclb on Apr 01, 2021 3:23pm
Avg cost to Hans-Gin ETF based on purchase and avg monthly exchange rate is approx. $ .415 per share.
Comment by
luckystar2014 on Apr 01, 2021 5:59pm
it is equal weighted, and i counted the number of companies, and there are 115, so each company needs to be at .87% if being equal. 0.87/0.83=1.047, which means ACDC probably dropped 4.7% roughly. They used roughly 43 cents canadian to calculate the market value, so if my calculate is correct, their average cost of ACDC is 45 cents Canadian. Just for your reference.
Comment by
dbbclb on Apr 01, 2021 6:43pm
fair enough. Was not taking into account the loss on the equal weighting. Either way still a reasonable investment in ACDC. As with anyone investing, they are looking for a significant upside potential and like the tech, or they would not have added this to their portfolio.