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Parnassus Value Select ETF (NAV) returned -1.45% (NAV) for the quarter, underperforming the Russell 1000 Value Index's 2.10%. The portfolio's performance was primarily impacted by our lack of exposure to the Energy sector, along with our holdings in the Health Care and Financials sectors. Despite the increased volatility in the first quarter, we continue to maintain a quality-oriented portfolio with balanced exposure across traditional value and secular themes.
Ethic Inc. acquired a new stake in shares of Parnassus Value Select ETF (NYSEARCA:PRVS) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,701 shares of the company's stock, valued at approximately $315,000. Ethic Inc. owned approximately 5.08%
On Thursday, Parnassus Investments made its debut in the world of ETFs with the launch of two equity funds. The actively managed ETFs aim to offer capital appreciation.
SEC filings for PRVS aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.