Pass on this ETF

Article Excerpt

3D PRINTING ETF $26 (New York symbol PRNT; TSINetwork ETF Rating: Aggressive; Market cap: $48 million) invests in publicly listed companies involved in the production and distribution of hardware, software and other materials related to 3-dimensional printing. The manager of the fund, ARK Invest, believe that there is room for considerable growth in the 3D printing industry, with commercial applications ranging from shoe making, aviation and medical devices. ARK estimates that the market for 3D printed products could increase 10-fold by 2022. The ETF holds 47 companies; while most are big firms, there are some small caps. The fund’s top 10 make up 54% of assets. They include Organova Holdings (8.7%), 3D Systems Corp. (5.7%), Renishaw plc. (5.6%), HP Inc (5.6%), Stratasys (5.0%) and Autodesk (3.9%). This fund launched July 19, 2016 and has so far failed to attract significant investor interest. The result is a modest asset size of $48 million, with limited liquidity for its investors. In addition, the…