Brophy Wealth Management LLC Acquires New Holdings in Consolidated Edison, Inc.
ICTVX Fund | USD 9.31 0.05 0.53% |
Slightly above 61% of Icon Utilities' investor base is looking to short. The analysis of overall sentiment of trading Icon Utilities Fund mutual fund suggests that many investors are alarmed at this time. Icon Utilities' investing sentiment can be driven by a variety of factors including economic data, Icon Utilities' earnings reports, geopolitical events, and overall market trends.
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Brophy Wealth Management LLC acquired a new stake in Consolidated Edison, Inc. in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,006 shares of the utilities providers stock, valued at approximately 521,000. Other institutional investors and hedge funds
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Icon Utilities Fundamental Analysis
We analyze Icon Utilities' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Icon Utilities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Icon Utilities based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Icon Utilities is currently under evaluation in price to book among similar funds. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Icon Utilities Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Icon Utilities mutual fund to make a market-neutral strategy. Peer analysis of Icon Utilities could also be used in its relative valuation, which is a method of valuing Icon Utilities by comparing valuation metrics with similar companies.
Peers
Icon Utilities Related Equities
ICTTX | Icon Information | 0.07 | ||||
EVUAX | Wells Fargo | 0.05 | ||||
FUGAX | Fidelity Advisor | 0.02 | ||||
RYUTX | Utilities Fund | 0.1 | ||||
ICTUX | Icon Utilities | 0.41 |
Other Information on Investing in Icon Mutual Fund
Icon Utilities financial ratios help investors to determine whether Icon Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Icon with respect to the benefits of owning Icon Utilities security.
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