PTL ETF

The Inspire 500 ETF, which follows Christian principles, has not performed as well as the overall market since it started, but it is rated as a Hold because it is still new. The PTL ETF seeks to mirror the Inspire 500 Index and invests at least 80% of its assets in companies that share biblical values. PTL avoids investing in businesses related to weapons and contraceptives, and it offers a yield of around 1.2% with a focus on growth.

The Inspire 500 ETF does not include the Magnificent 7 and focuses on investments that match biblical values, which results in it performing worse than the S&P 500. PTL has less exposure to technology and a higher price-to-earnings ratio, meaning it is unlikely to be a strong addition to a main SPY portfolio or provide stability during market declines. Additionally, PTL's dividend yield of 0.9% is lower than SPY's 1.2%, making it less appealing for those looking for dividend income.

Hong Kong, Nov. 06, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE), a company that provides marine fuel logistics services in the Asia Pacific region, has announced that its underwriters have fully exercised their option to buy an extra 187,500 ordinary shares at $4.00 each. This has led to an additional $0.75 million in gross proceeds, bringing the total shares sold in the initial public offering to 1,437,500 and total gross proceeds to $5.75 million, before expenses. The shares started trading on the Nasdaq Capital Market on October 16, 2024, under the symbol "PTLE."