In trading on Friday, shares of the SPDR S&P Dividend ETF (Symbol: SDY) crossed below their 200 day moving average of $124.94, changing hands as low as $124.41 per share. SPDR S&P Dividend shares are currently trading off about 2.5% on the day. The chart below shows t
In trading on Friday, shares of the SPDR Dow Jones REIT ETF (Symbol: RWR) crossed below their 200 day moving average of $113.62, changing hands as low as $112.36 per share. SPDR Dow Jones REIT shares are currently trading off about 4.3% on the day. The chart below shows the o
China country-specific exchange traded funds climbed on Friday, with the technology segment leading the charge, as the country’s top leaders pledged to support economic growth and traders speculated on easing crackdowns. Among the best performing non-leveraged ETFs of Friday, the KraneShares CSI China Internet ETF (KWEB) increased 8.4%. Chinese internet stocks rallied after the Communist [...] Read more at ETFtrends.com.
Amazon.com (NasdaqGS: AMZN) shares plunged on Friday, dragging down consumer discretionary sector-related exchange traded funds. On Friday, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) fell 3.4%, the Vanguard Consumer Discretionary (NYSEArca: VCR) dropped 3.4%, and the Fidelity MSCI Consumer Discretionary Index (NYSEArca: FDIS) was down 3.4%. Meanwhile, Amazon shares declined 13.7%. AMZN makes up 22.8% of [...] Read more at ETFtrends.com.
Vanguard today reported expense ratio reductions for four broadly diversified bond ETFs. The ETFs affected include the Vanguard Intermediate-Term Bond ETF (BIV), the Vanguard Long-Term Bond ETF (BLV), and the Vanguard Short-Term Bond ETF (BSV), each of which dropped to four basis points from five, and the Vanguard Total Bond Market ETF (BND), which dropped [...] Read more at ETFtrends.com.
After unveiling plans in December to launch an entrepreneurial platform designed to support minority-led financial advisory firms, financial advisors Dasarte Yarnway and Emlen Miles-Mattingly have announced that the Onyx Advisor Network will officially open its doors on May 9. Financial advisors of color, women, members of the LGBTQ+ community, and anyone who feels marginalized by [...] Read more at ETFtrends.com.
The financial industry has history of being dominated by men, with women holding a meager 11% of C-suite roles in 2021. With its roots as an upstart technology aiming to upend the status quo, crypto and blockchain have enormous potential to solve some long-calcified problems, including the monopoly men have in leadership positions. Unfortunately, some [...] Read more at ETFtrends.com.
Investing in low volatility stocks is often used as a defensive strategy by investors who want to participate in some of the market’s growth while potentially reducing their downside risk. However, research by FlexShares finds that traditional low volatility strategies may introduce unintended sector concentration and interest rate risk, among other challenges. Screening stocks for [...] Read more at ETFtrends.com.
Sustained rallies have been difficult to come across in recent weeks as Bitcoin is still fighting to maintain the $40,000 level. Inflation fears continue to rack the traditional stock market indexes, which is also translating to a weakness for the crypto markets. Bitcoin, in particular, has been following the downtrend of the S&P 500 this [...] Read more at ETFtrends.com.
The influx of funding into ESG in recent years has been a boon for the space, but with many of the companies with top credentials already heavily invested in, diminishing returns have meant that some fund managers are swimming further into the pool to find better opportunities. This means that some asset managers are adding [...] Read more at ETFtrends.com.
Despite inflation and disruptions in the supply chain, Americans are spending more. The U.S. Department of Commerce on Friday reported a 1.1% rise in consumer spending in March, with consumers spending more on travel and dining, as well as on gasoline and food. Personal income increased 0.5% from February, a slower rise than inflation, which [...] Read more at ETFtrends.com.
WisdomTree Investments released its Q1 earnings for 2022 this morning along with a discussion of where the company is now and forward-looking projections on an earnings call. The company has reported its sixth consecutive quarter of organic growth with record high AUMs while beating Wall Street earnings estimates. The first quarter of 2022 saw WisdomTree [...] Read more at ETFtrends.com.
In recent trading, shares of Sempra (Symbol: SRE) have crossed above the average analyst 12-month target price of $164.12, changing hands for $165.50/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, o
In recent trading, shares of Jack Henry & Associates, Inc. (Symbol: JKHY) have crossed above the average analyst 12-month target price of $192.20, changing hands for $194.63/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to reac
In recent trading, shares of Corteva Inc (Symbol: CTVA) have crossed above the average analyst 12-month target price of $57.46, changing hands for $57.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of AXIS Capital Holdings Ltd (Symbol: AXS) have crossed above the average analyst 12-month target price of $58.00, changing hands for $58.09/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrad
In recent trading, shares of Aon plc (Symbol: AON) have crossed above the average analyst 12-month target price of $311.33, changing hands for $318.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation,
In recent trading, shares of Antero Midstream Corp (Symbol: AM) have crossed above the average analyst 12-month target price of $10.17, changing hands for $10.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on