BUZZ tracks the 5-year-old Buzz NextGen AI US Sentiment Leaders Index and rebalances once a month. The ETF is up nearly 5% since its March 2 debut.
Though names such as Amazon, Apple, Advanced Micro Devices and Tesla are among its top holdings, BUZZ isn t all high-flying growth stocks or tech stocks, Wise told CNBC s ETF Edge on Monday.
Ford, American Airlines and Novavax have been some of the index s top performers, and the latest monthly rebalancing brought even more value into the mix, he said.
Names like Costco, Target, Occidental Petroleum, Norwegian Cruise Lines and United Airlines are now in the index. Wise called it a shift more towards those industrial and value names, away from some of the higher-growth tech names.