Nvidia Corp. (NasdaqGS: NVDA) rallied Thursday after a majority of analysts upgraded the chipmaker in response to the company’s strong quarterly earnings and outlook, lifting semiconductor sector-specific exchange traded funds. On Thursday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) advanced 0.5%, the VanEck Vectors Semiconductor ETF (SMH) increased 0.7%, and the Invesco PHLX Semiconductor ETF (SOXQ) rose [...] Read more at ETFtrends.com.
Value equities impressed earlier this year, and while they may resume that trend at some point, it’s clear that growth stocks, namely technology fare, are cobbling together some momentum. That should benefit exchange traded funds like the Goldman Sachs Innovate Equity ETF (GINN). As its name implies, GINN focuses on disruptive companies – a segment [...] Read more at ETFtrends.com.
ETF Trends CEO Tom Lydon discussed the IQ Chaikin U.S. Small Cap ETF (CSML) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. CSML seeks investment results that track, before fees and expenses, the price and yield performance of the NASDAQ Chaikin Power U.S. Small Cap Index. The NASDAQ Chaikin [...] Read more at ETFtrends.com.
About a third of globally managed money is invested in environmental, social, and governance strategies. However, is all that money really being toward sustainability efforts? According to Global Sustainable Investment Alliance’s (GSIA) latest report, sustainable investment assets expanded to $35.3 trillion globally last year, or $1 of every $3 in globally managed money, amid growing [...] Read more at ETFtrends.com.
Growth were supported by strength in the technology segment Thursday as investors braced for potential tapering in the Federal Reserve’s bond purchasing program. Fueling bets that the Fed will begin rolling back its accommodative policies, data from the Labor Department on Thursday revealed weekly unemployment claims dipped to a 17-month low, which further supported the [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Junior Gold Miners ETF (Symbol: GDXJ) where we have detected an approximate $67.3 million dollar outflow -- that's a 1.5% decrease week over week (f
Basic materials might be a no frills play in the ETF world, but add momentum to the mix, and one gets a dynamic fund in the Invesco DWA Basic Materials Momentum ETF (PYZ). The basic materials sector could also provide a counterbalance to inflation. As everyday consumer prices inflate, PYZ could hedge other investments that may [...] Read more at ETFtrends.com.
Large cap biotechnology have strengthened in recent months, but smaller counterparts are still waiting on their 2021 moment. When that happens, the Defiance Nasdaq Junior Biotechnology ETF (IBBJ) could be the ETF to watch. IBBJ follows the Nasdaq Junior Biotechnology Index (NBIJR), the small cap offshoot of the widely tracked Nasdaq Biotechnology Index (NBI). The junior [...] Read more at ETFtrends.com.
The SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is seeing unusually high volume in afternoon trading Thursday, with over 701,000 shares traded versus three month average volume of about 32,000. Shares of SPGM were off about 0.5% on the day.
The pandemic has made nearly a quarter of retirees somewhat or significantly less confident they will have enough money to live comfortably throughout retirement, according to the Employee Benefit Research Institute (EBRI) 2021 Retirement Confidence Survey. Retirees also report that after their Social Security income, their second income source is personal retirement savings followed by [...] Read more at ETFtrends.com.
Eva Ados, COO and Chief Investment Strategist at ERShares, recently appeared on CNBC’s Trading Nation to discuss investment potential in the midst of high performance by the markets. Growth stocks are where Ados believes investments are smartest, particularly in a market that is still experiencing inflation fears. “As this earning season demonstrates, seemingly priced-to-perfection growth [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $57.6 million dollar outflow -- that's a 0.5% decrease week over
In trading on Thursday, shares of the iShares Russell 2000 ETF (Symbol: IWM) crossed below their 200 day moving average of $213.50, changing hands as low as $212.00 per share. iShares Russell 2000 shares are currently trading down about 0.6% on the day. The chart below shows
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Applied Materials, Inc. (Symbol: AMAT) has taken over the #56 spot from ConocoPhillips (Symbol: COP), according to ETF Channel. Below is a chart of Applied Material
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Ultra-Short Bond ETF (Symbol: VUSB) where we have detected an approximate $278.2 million dollar inflow -- that's a 27.8% increase week over
In trading on Thursday, shares of the Vanguard FTSE Emerging Markets ETF (Symbol: VWO) entered into oversold territory, changing hands as low as $49.17 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator us
In trading on Thursday, shares of the SPDR— S&P— Oil & Gas Exploration & Production ETF (Symbol: XOP) entered into oversold territory, changing hands as low as $72.25 per share. We define oversold territory using the Relative Strength Index, or RSI, whi
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Daily Semiconductor Bear 3X Shares (SOXS), where 6,000,000 units were destroyed, or a 24.9% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SPDR Blackstone Senior Loan ETF (SRLN), which added 6,650,000 units, or a 4.6% increase week over week.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Long-Term Bond ETF (Symbol: BLV) where we have detected an approximate $336.1 million dollar inflow -- that's a 5.9% increase week over wee