Astoria US Equal Weight Quality Kings ETF (ROE)

The Astoria US Equal Weight Quality Kings ETF (ROE) is an exchange-traded fund from Astoria Portfolio Advisors that invests in U.S. large-cap companies screened for quality.

The strategy favors firms with characteristics such as high return on equity, strong profitability and sound balance sheets, and assigns equal weights to its holdings rather than weighting them by market value. Equal weighting reduces the concentration in the largest companies that is typical of market-cap weighted indexes.

Astoria Portfolio Advisors is a New York-based investment firm that manages ETF portfolios and builds quantitative, rules-based strategies. The fund's portfolio is reviewed and rebalanced periodically to restore equal weights and refresh the quality screen.