MUSQ Global Music Industry Index ETFMUSQ Global Music Industry Index ETFMUSQ Global Music Industry Index ETF

MUSQ Global Music Industry Index ETF

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Key stats


Assets under management (AUM)
‪25.25 M‬USD
Fund flows (1Y)
‪−1.03 M‬USD
Dividend yield (indicated)
0.86%
Discount/Premium to NAV
−0.07%
Shares outstanding
‪860.14 K‬
Expense ratio
0.77%

About MUSQ Global Music Industry Index ETF


Issuer
Cottonwood ETF Holdings LLC
Brand
MUSQ
Home page
Inception date
Jul 6, 2023
Structure
Open-Ended Fund
Index tracked
MUSQ Global Music Industry Index - Benchmark TR Net
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
ISIN
US3015054832
MUSQ provides concentrated exposure to the entire music ecosystem by holding companies from around the world, of which at least 40% are from outside the US. The index centers on the global music industry, with segments such as music streaming, music equipment and technology, music content and distribution, live music events and ticketing, and satellite and broadcast radio driving this market. To be eligible for inclusion, companies must derive at least 50% of their annual revenue, or be in the top five companies, or have at least 10% global market share and a net income derived from one or more of the global music industry segments. Publicly traded music funds and music-related royalty trusts are also considered for inclusion. Securities are selected and weighted by market cap, with cap on individual holdings at 7%. The fund invests in at least three countries and may have unlimited exposure to foreign securities. The index rebalances and reconstitutes quarterly. Effective Nov. 26, 2024, the fund incorporated index in its fund name.

Broaden your horizons with more funds linked to MUSQ via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Communication services
Niche
Media & entertainment
Strategy
Vanilla
Geography
Global
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Consumer Services
Commercial Services
Stock breakdown by region
43%24%32%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MUSQ trades at 29.53 USD today, its price has risen 0.58% in the past 24 hours. Track more dynamics on MUSQ price chart.
MUSQ net asset value is 29.55 today — it's risen 6.76% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MUSQ assets under management is ‪25.25 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MUSQ price has risen by 6.07% over the last month, and its yearly performance shows a 29.32% increase. See more dynamics on MUSQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.76% over the last month, showed a 6.99% increase in three-month performance and has increased by 31.69% in a year.
MUSQ fund flows account for ‪−1.03 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MUSQ invests in stocks. See more details in our Analysis section.
MUSQ expense ratio is 0.77%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MUSQ isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MUSQ technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MUSQ shows the buy signal. See more of MUSQ technicals for a more comprehensive analysis.
Yes, MUSQ pays dividends to its holders with the dividend yield of 0.86%.
MUSQ trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MUSQ shares are issued by Cottonwood ETF Holdings LLC
MUSQ follows the MUSQ Global Music Industry Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 6, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.