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
For this week’s episode of ETF 360, ETF Trends CEO Tom Lydon and CIO Dave Nadig spoke with Hamilton Reiner, PM and Head of U.S. Equity Derivatives for J.P. Morgan Asset Management, who discusses the JPMorgan Equity Premium Income ETF ($JEPI)‘s $1 billion one-year hit, as well as the strategy behind it. Watch the Full ETF [...] Read more at ETFtrends.com.
Travel industry exchange traded funds led the market rebound on Tuesday after the Covid-19 Delta variant dealt a blow to the leisure and entertainment sectors. Among the best-performing non-leveraged ETFs of Tuesday, the U.S. Global Jets ETF (NYSEArca: JETS) increased 5.5% and the AdvisorShares Hotel ETF (BEDZ) increased 4.5%. Cruise liners and air travel stocks took a blow [...] Read more at ETFtrends.com.
With interest rates poised to rise, income-minded investor must still find ways to maintain their current income streams with the threat of capital depreciation that comes with higher rates. Yet alternative options in the income world are not exactly plentiful, and equity overweights can be outright dangerous. In the upcoming webcast, Income is the Outcome: [...] Read more at ETFtrends.com.
Amid fears that the Delta variant of the coronavirus could stymie the reopening trade and put a cap on economic growth, U.S. stocks tumbled Monday, with the S&P 500 shedding 1.59%. Granted, that’s just one day of market action and broader equity benchmarks have recently been strong, but if COVID-19 case counts and hospitalization rates [...] Read more at ETFtrends.com.
The Horizon Kinetics Inflation Beneficiaries ETF (INFL), which launched in January, quickly has become one of the breakout hits of 2021. Already the fund has amassed $620 million in assets under management, one of the quickest-growing launches of the year. It’s easy to see why. As inflation fears continue to mount, INFL has proven for [...] Read more at ETFtrends.com.
Oil prices have been volatile of late and the decline on July 19 was the worst since September 2020. As a result, the energy sector shed its status as the best-performing sector in the S&P 500 this year with real estate passing it by. That sounds like trouble for assets like the Alerian Energy Infrastructure ETF (ENFR), [...] Read more at ETFtrends.com.
The iShares U.S. Medical Devices ETF is seeing unusually high volume in afternoon trading Tuesday, with over 456,000 shares traded versus three month average volume of about 43,000. Shares of IHI were up about 1.6% on the day.
HCA Healthcare (NYSE: HCA) surged Tuesday on better-than-expected second quarter profits and a more optimistic full-year guidance, lifting hospital sector-related exchange traded funds. On Tuesday, the iShares U.S. Healthcare Providers ETF (NYSE: IHF) was up 2.1% and the SPDR S&P Health Care Services ETF (NYSEArca: XHS) was 2.5% higher. Meanwhile, the broader Health Care Select Sector [...] Read more at ETFtrends.com.
In trading on Tuesday, the iShares U.S. Aerospace & Defense ETF is outperforming other ETFs, up about 4.1% on the day. Components of that ETF showing particular strength include shares of Spirit Aerosystems Holdings, up about 7.7% and shares of Hexcel, up about 6.8% on the
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the First Trust Capital Strength ETF, which added 23,950,000 units, or a 22.3% increase week over week. Among the largest underlying components of FT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI Canada ETF, where 3,700,000 units were destroyed, or a 3.5% decrease week over week.
The relationship between the U.S. and China is perhaps one history’s most important, and not simply because these are the world’s two largest economies. That economic relationship, which has been strained for some time, carries with it vital geopolitical implications and that’s even more true at a time when the world is attempting to move [...] 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 Oil Services ETF (Symbol: OIH) where we have detected an approximate $109.0 million dollar outflow -- that's a 4.6% decrease week over week (from 13
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Consumer Staples ETF (Symbol: VDC) where we have detected an approximate $86.9 million dollar outflow -- that's a 1.5% decrease week over w
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Technology ETF (Symbol: IYW) where we have detected an approximate $94.0 million dollar outflow -- that's a 1.2% decrease week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $390.0 million dollar outflow -- that's a 1.4% decre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ARK Innovation ETF (Symbol: ARKK) where we have detected an approximate $398.8 million dollar outflow -- that's a 1.8% decrease week over week (from
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Low Volatility ETF (Symbol: SPLV) where we have detected an approximate $105.5 million dollar outflow -- that's a 1.3% de
On Tuesday, newcomer Viridi Funds launched its first ETF, the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ), which offers investors exposure to cryptocurrency that is environmentally sustainable. The fund is listed on the New York Stock Exchange. RIGZ is an active managed ETF that will invest in companies across the crypto mining industry and [...] Read more at ETFtrends.com.