Initial public offerings (IPOs) allow companies to raise capital and boost their profile among a wider pool of investors. One of the more successful IPO stories this year has been the jump in market value of burger chain Shake Shack Inc (NYSE: SHAK). Conversely, online marketplace provider Etsy Inc (NASDAQ: ETSY) has seen share prices dive since its recent stock exchange debut.
While there are numerous instances of hits and misses in newly minted IPOs, exchange-traded funds that track these stocks appear to be showing solid progress this year.
First Trust U.S. IPO Index Fund
The First Trust IPOX-100 Index Fund (ETF) (NYSE: FPX) tracks a basket of 100 stocks ranked by market capitalization in the IPOX Global Composite Index. This index uses a rules-based screening methodology to select the stocks with the best average performance ...
/www.benzinga.com/etfs/sector-etfs/15/04/5438029/dig-into-ipo-etfs alt=Dig Into IPO ETFs>Full story available on Benzinga.com
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