{"id":31038,"date":"2023-07-03T21:45:25","date_gmt":"2023-07-04T01:45:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/etf-focused-on-jim-cramer-stock-picks-surged-in-june-kicks-off-july-with-slight-gains\/"},"modified":"2023-07-03T21:45:26","modified_gmt":"2023-07-04T01:45:26","slug":"etf-focused-on-jim-cramer-stock-picks-surged-in-june-kicks-off-july-with-slight-gains","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=31038","title":{"rendered":"ETF focused on Jim Cramer stock picks surged in June, kicks off July with slight gains"},"content":{"rendered":"
\n

The Long Cramer Tracker ETF, an actively managed fund that seeks to invest based on stock recommendations from CNBC\u2019s Jim Cramer, surged in June, far exceeding the performance of the Nasdaq-100 and the S&P 500.<\/p>\n

Shares of the ETF
\n LJIM,
\n +0.20%<\/bg-quote>,<\/span>
\n launched by Tuttle Capital Management in early March, jumped 10.5% last month, according to FactSet data. That surpassed the 6.2% gain posted by the Invesco QQQ Trust Series I
\n QQQ,
\n +0.24%<\/bg-quote>,<\/span>
\n which tracks the technology-heavy Nasdaq-100 index, and 6.1% rise posted by the SPDR S&P 500 ETF Trust
\n SPY,
\n +0.12%<\/bg-quote>.<\/span>\n <\/p>\n

\n

Cramer is the host of CNBC\u2019s \u201cMad Money\u201d show.<\/p>\n

The Long Cramer Tracker ETF has benefited in part from the hype around artificial intelligence as well as \u201cfear of missing out\u201d in the rally seen in U.S. stocks, said Matthew Tuttle, chief executive officer and chief investment officer of Tuttle Capital Management, by phone Monday.\u00a0<\/p>\n

The Tell:<\/strong> New ETFs let investors bet on or against Jim Cramer and his stock picks (March 23)<\/p>\n

As of June 30, the fund\u2019s holdings included Schrodinger Inc.
\n SDGR,
\n -2.54%<\/bg-quote>,<\/span>
\n Tesla Inc., Ford Motor Co.
\n F,
\n +0.73%<\/bg-quote>,<\/span>
\n On Holding AG
\n ONON,
\n +0.48%<\/bg-quote>,<\/span>
\n Adobe Inc.
\n ADBE,
\n -0.77%<\/bg-quote>
\n and Ulta Beauty Inc.
\n ULTA,
\n +1.44%<\/bg-quote>
\n and Lennar Corp.
\n LEN,
\n -0.02%<\/bg-quote>,<\/span>
\n all of which had big gains last month. The ETF\u2019s positions also included stocks such as CarMax Inc.
\n KMX,
\n -1.84%<\/bg-quote>,<\/span>
\n Apple Inc.
\n AAPL,
\n -0.78%<\/bg-quote>,<\/span>
\n Nvidia Corp.
\n NVDA,
\n +0.26%<\/bg-quote>
\n and Amazon.com Inc.
\n AMZN,
\n -0.11%<\/bg-quote>,<\/span>
\n according to data on the fund\u2019s website. <\/p>\n

\u201cPersonally, I own LJIM right now,\u201d said Tuttle, referring to the ETF\u2019s ticker. <\/strong>\u201cI don\u2019t want to miss out\u201d on this move higher, he said, but added that \u201cat some point it will peter out\u201d and prompt him to switch to the Inverse Cramer Tracker ETF
\n SJIM,
\n -0.15%<\/bg-quote>.<\/span>\n <\/p>\n

Nvidia\u2019s guidance delivered in late May at the time of the chip maker\u2019s latest quarterly earnings results stirred strong interest in stocks related to AI as well as growth stocks more broadly, according to Tuttle.\u00a0\u00a0<\/p>\n

Some of the biggest gains in the Long Cramer Tracker ETF came from companies such as Schrodinger, a software business for drug discovery, which skyrocketed around 49% in June, according to FactSet data. Tesla soared about 28% last month, while Ford surged around 26%.<\/p>\n

Read:<\/strong> \u2018A massive delivery beat\u2019: Tesla tops second-quarter estimate with delivery of 466,000 vehicles, and stock surges in premarket trades<\/p>\n

The Long Cramer Tracker ETF was up slightly around midday Monday, based on delayed trading data. The Inverse Cramer Tracker ETF, designed to provide roughly the opposite of the return of the investments recommended by the TV personality, dipped slightly in Monday trading.<\/p>\n

The U.S. stock market finished modestly higher Monday, in an early 1 p.m. Eastern Time close ahead of the July 4 holiday. The Dow Jones Industrial Average
\n DJIA,
\n +0.03%<\/bg-quote>
\n finished up less than 0.1%, while the S&P 500
\n SPX,
\n +0.12%<\/bg-quote>
\n edged up 0.1% and the Nasdaq Composite
\n COMP,
\n +0.21%<\/bg-quote>
\n rose 0.2%, according to FactSet data.<\/p>\n

Read:<\/strong> Recession canceled? U.S. stock market \u2018pretty frothy\u2019 after S&P 500\u2019s strongest first half since 2019.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Long Cramer Tracker ETF, an actively managed fund that seeks to invest based on stock recommendations from CNBC\u2019s Jim Cramer, surged in June, far exceeding the performance of the Nasdaq-100 and the S&P 500. Shares of the ETF LJIM, +0.20%, launched by Tuttle Capital Management in early March, jumped 10.5% last month, according to […]<\/p>\n","protected":false},"author":1,"featured_media":31039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-31038","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nETF focused on Jim Cramer stock picks surged in June, kicks off July with slight gains | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Long Cramer Tracker ETF, an actively managed fund that seeks to invest based on stock recommendations from CNBC\u2019s Jim Cramer, surged in June, far\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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