How has AdvisorShares Vice ETF's stock performed in 2022?
AdvisorShares Vice ETF's stock was trading at $32.9765 at the start of the year. Since then, VICE shares have decreased by 17.5% and is now trading...
Is AdvisorShares Vice ETF a good dividend stock?
AdvisorShares Vice ETF(NYSEARCA:VICE) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.18%.
What is AdvisorShares Vice ETF's stock symbol?
AdvisorShares Vice ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "VICE."
Who are AdvisorShares Vice ETF's major shareholders?
AdvisorShares Vice ETF's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Advisor Group Hol...
Which major investors are selling AdvisorShares Vice ETF stock?
VICE stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc..
Which major investors are buying AdvisorShares Vice ETF stock?
VICE stock was bought by a variety of institutional investors in the last quarter, including UBS Group AG.
How do I buy shares of AdvisorShares Vice ETF?
Shares of VICE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBul...
What is AdvisorShares Vice ETF's stock price today?
One share of VICE stock can currently be purchased for approximately $27.21.
How much money does AdvisorShares Vice ETF make?
AdvisorShares Vice ETF (NYSEARCA:VICE) has a market capitalization of $10.07 million.
Where does AdvisorShares Vice ETF trade?
AdvisorShares Vice ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "VICE."
Who are AdvisorShares Vice ETF's major shareholders?
AdvisorShares Vice ETF's stock is owned by a variety of retail and institutional investors. Top institutional investors include Advisor Group Holdings Inc. (1.27%).
Is AdvisorShares Vice ETF a good dividend stock?
AdvisorShares Vice ETF pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.08%.
Vice Stocks AKA Sin Stocks
During my career in finance, I’ve been hearing investors say that vice stocks, AKA sin stocks, tend to outperform blue-chip stocks during a market downturn.
Sin Stock Price Discovery
Prior to my research on sin stocks, I was under the impression the reasons for above-market returns was due to the demand for their products being inelastic.
Shunned-Stock Hypothesis
This so-called "shunned-stock hypothesis" allows other investors who are willing to invest in sin stocks to earn a premium from the reputation risk. This means that socially responsible investors pay a financial cost when avoiding these stocks because of social and ethical criteria.
Benefits to Sin Stocks
Sin stocks have a lot of benefits in addition to being recession proof, generating strong and consistent earnings, and having limited competition. Sin stocks also tend to have better value, predictability, and a higher alpha.
The Evidence
Historical evidence on the performance of these stocks supports the theory that sin stocks have provided significantly higher returns than stocks in general.
Crystal Bong Predictions
So what could investors expect to see if a wave of people start dumping shares as they flee other investment vehicles due to a market downturn, recession, depression, or market correction?
Expected Returns
Investors looking at sin stocks should expect a premium, although it's possible sin stocks underperform because of the shunned-stock hypothesis.
