Burney U.S. Equity Select ETF (BRES)

On our desk, we are closely tracking the launch metrics of BRES since its February 2026 inception. With AUM already scaling past $670 million, the fund's heavy tilt toward mega-cap tech names like Apple, Nvidia, Google, and Broadcom shows it is riding the secular growth wave, though we remain mindful of the 0.79% expense ratio.

Reviewing the structural disclosures for BRES, I note that Empowered Funds serves as the adviser while The Burney Company acts as sub-adviser. The fund utilizes a physical replication method with an active management style, completely eschewing a passive underlying index in favor of its proprietary factor and digital footprint signals.

From a quantitative research perspective, the integration of Burney's historical stock selection model with a digital footprint sentiment signal designed to catch underappreciated revenue surprises is an interesting hybrid approach. It attempts to blend long-term buy-and-hold fundamental filters with short-term predictive data.

Looking at the 13F institutional filing data from Q2 2026, we see 8 filers holding roughly $3.8 million in total, featuring five new positions and minimal churn. While this reflects early-stage institutional discovery, the broader liquidity is heavily anchored by its active daily trading volumes.

Trading BRES through recent sessions, the bid-ask spreads have stayed relatively tight, hovering around 0.15% with a price range touching a 52-week high of $28.02. Market participants seem to appreciate the adaptive factor rotation strategy, even if it operates as a non-diversified portfolio.