First Etf Profile

AAA -  USA Etf  

USD 25.00  0.01  0.04%

First Priority is trading at 25.00 as of the 16th of October 2021, a 0.04 percent up since the beginning of the trading day. The etf's open price was 24.99. First Priority has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for First Priority Clo are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2020 and ending today, the 16th of October 2021. Click here to learn more.
 Market Performance
0 of 100
  Odds Of Distress
Less than 1
The fund is an actively-managed exchange-traded fund that pursues its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in AAA rated first priority debt tranches of U.S. dollar-dominated collateralized loan obligations . More on First Priority Clo

First Priority Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. First Priority's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding First Priority or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
First Priority Clo is unlikely to experience financial distress in the next 2 years
On 1st of October 2021 First Priority paid $ 0.021 per share dividend to its current shareholders
The fund holds about 100.0% of its assets under management (AUM) in fixed income securities
Legal NameFirst Priority Clo
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of First Priority's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellFairly Valued
IssuerAlternative Access Funds
DescriptionAAF First Priority CLO Bond ETF
Inception Date2020-09-09
Entity TypeRegulated Investment Company
Asset Under Management10.03 Million
Asset TypeFixed Income
CategoryCorporate
FocusInvestment Grade
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorU.S. Bancorp Fund Services, LLC
AdvisorAlternative Access Funds, LLC
CustodianU.S. Bank, N.A.
DistributorQuasar Distributors, LLC
Portfolio ManagerPeter Coppa
Transfer AgentU.S. Bancorp Fund Services, LLC
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents28.0
Total Expense0.25
Management Fee0.25
Nav Price25.08
Two Hundred Day Average25.02
Ytd0.09%
Average Daily Volume In Three Month751
Fifty Two Week Low24.84
As Of Date28th of February 2021
Average Daily Volume Last 10 Day1.96k
Fifty Two Week High25.4
One Month-0.21%
Fifty Day Average25.01
Three Month0.35%
First Priority Clo [AAA] is traded in USA and was established 2020-09-09. The fund is classified under Corporate category within Alternative Access Funds family. First Priority Clo presently have 10.02 M in assets under management (AUM).
Check First Priority Probability Of Bankruptcy

Geographic Allocation (%)

First Priority Target Price Odds Analysis

What are First Priority's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of First Priority jumping above the current price in 90 days from now is about 86.59%. The First Priority Clo probability density function shows the probability of First Priority etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon First Priority Clo has a beta of -0.0066. This suggests as returns on benchmark increase, returns on holding First Priority are expected to decrease at a much lower rate. During the bear market, however, First Priority Clo is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. First Priority Clo is significantly underperforming DOW.
 Odds Down 25.0HorizonTargetOdds Up 25.0 
3.44%90 days
 25.00 
86.59%
Based on a normal probability distribution, the odds of First Priority to move above the current price in 90 days from now is about 86.59 (This First Priority Clo probability density function shows the probability of First Etf to fall within a particular range of prices over 90 days) .

First Priority Major Institutional Holders

Institutional Holdings refers to the ownership stake in First Priority that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of First Priority's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing First Priority's value.
InstituionSecurity TypeTotal SharesValue
Beach Point Capital Management LpFund Units100 K2.5 M
View First Priority Diagnostics

First Priority Clo Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. First Priority market risk premium is the additional return an investor will receive from holding First Priority long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Priority. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although First Priority's alpha and beta are two of the key measurements used to evaluate First Priority's performance over the market, the standard measures of volatility play an important role as well.

First Priority Clo Technical Analysis

First Priority Against Markets

Picking the right benchmark for First Priority etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in First Priority etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for First Priority is critical whether you are bullish or bearish towards First Priority Clo at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Priority without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Equity Forecasting

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Please continue to Trending Equities. Note that the First Priority Clo information on this page should be used as a complementary analysis to other First Priority's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running First Priority Clo price analysis, check to measure First Priority's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Priority is operating at the current time. Most of First Priority's value examination focuses on studying past and present price action to predict the probability of First Priority's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move First Priority's price. Additionally, you may evaluate how the addition of First Priority to your portfolios can decrease your overall portfolio volatility.
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The market value of First Priority Clo is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Priority's value that differs from its market value or its book value, called intrinsic value, which is First Priority's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Priority's market value can be influenced by many factors that don't directly affect First Priority Clo underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Priority's value and its price as these two are different measures arrived at by different means. Investors typically determine First Priority value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Priority's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.