Please ensure Javascript is enabled for purposes of website accessibility

ARKX Space ETF's Top 3 Holdings Are Very Interesting

By Jose Najarro - Mar 30, 2021 at 12:28PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

These are the top 3 holdings of ARKX, the new space exploration ETF. Here I share some reasons why you should add them to your watchlist.

In today's video, I look at the top three holdings of ARKX Space Exploration ETF (NYSEMKT: ARKX) and a few reasons why you should add them to your watchlist. For those not familiar with ARKX ETF, it's an actively managed ETF that invests in companies that are either in the front end of orbital/suborbital products or companies that will benefit from the increased activity of space missions. ARKX is expected to start trading on Tuesday, March 30, 2021. 

The number one holding is Trimble Inc (TRMB 3.17%), with a Market Cap of $18.9B.

  • Trimble is one of the leading providers of advanced location-based solutions for construction, agricultural, and civil engineering markets. Trimble would be one of the companies that would benefit from the increased amount of data collected from GPS Satellites.
  • It has strong fundamentals with positive earnings, positive CFO, and assets greater than its liabilities. 

The number two holding is 3D Printing ETF (PRNT 0.93%)

  • PRNT is an ETF following an index designed to track companies' price movements in the 3D printing industry. The 3D printing world is still small, so instead of investing in numerous 3D printing companies, they decided to invest in the whole market. 

The number three holding is Kratos Defense & Security Solutions (KTOS -1.37%), with a market cap of $3.4B.

  • Kratos is a defense company working with the USA and Allies for national security. Kratos supports around 80% of space missions and is one of the leading providers of affordable, high-performance, tactical jet-powered drone UASs in the industry. We can see why ARKX has it as one of their top 3 holdings.
  • It has strong fundamentals with positive earnings, a great CFO, strong forward guidance by analysts, and cash greater than its debt. 

Click the video below for my full thoughts.

*Stock Prices used were the closing prices of March 29, 2021. The video was published on March 29, 2021.

 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Trimble Inc. Stock Quote
Trimble Inc.
TRMB
$67.30 (3.17%) $2.07
Kratos Defense & Security Solutions Stock Quote
Kratos Defense & Security Solutions
KTOS
$13.71 (-1.37%) $0.19
ARK ETF Trust - The 3D Printing ETF Stock Quote
ARK ETF Trust - The 3D Printing ETF
PRNT
$22.83 (0.93%) $0.21

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/23/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.