Crude oil and crude ETFs are rallying on Friday, after what has been a tumultuous week of trading, where oil product tanker rates have spiked since a giant container ship ran aground the Suez Canal on Tuesday, blocking traffic in the key shipping lane. West Texas Intermediate crude oil is up over 4.22% on Friday, [...] Read more at ETFtrends.com.
After party time thanks to the passage of the $1.9-trillion stimulus bill that included $1,400-stimulus check under the Biden administration, pain points may also hit United States. A hefty Biden stimulus has strengthened the expectation of enactment of Biden’s other proposals
By Asset Allocation Committee | PDF Confluence Investment Management offers various asset allocation products which are managed using “top down,” or macro, analysis. We publish asset allocation thoughts on a weekly basis in this report, updating the report every Friday, along with an accompanying podcast and chart book. March 26, 2021 (Note: Due to the upcoming [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds gained Friday as investors turned their attention back toward a broad economic recovery that will continue to support equities. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) was up 0.5%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) rose 0.6%, and iShares Core S&P 500 ETF (NYSEArca: IVV) was [...] Read more at ETFtrends.com.
ETF investors seeking a pure play on the communications sector can look to funds like the Invesco S&P 500 Equal Weight Communication Services ETF (EWCO). EWCO, which is up about 20% year-to-date, seeks to track the investment results of the S&P 500® Equal Weight Communication Services Plus Index. The fund generally will invest at least [...] Read more at ETFtrends.com.
On Friday, Innovator Capital Management, LLC announced plans to bring to market a new suite of accumulation-oriented Defined Outcome ETFs, the Innovator Accelerated ETFs, the world’s first ETFs to seek to offer a multiple of the upside return of a reference asset, up to a cap, with approximately single exposure on the downside. Part of Innovator’s Defined [...] Read more at ETFtrends.com.
Bank ETFs have registered upbeat gains this year with First Trust NASDAQ Bank ETF FTXO adding as much as 31.6% in the past three-month frame. The next winner is Invesco KBW Regional Banking ETF KBWR, which has gained 30.64%. Broad-based financial ETF Vanguard Financials ETF VFH h
Stocks and index ETFs gapped higher on Friday, as financial stocks gained and new data showed subdued inflation. The Dow Jones Industrial Average gained 0.5%, while the S&P 500 climbed 0.7% and the Nasdaq Composite added 0.5%. Major stock ETFs are climbing on Friday as well. The SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 [...] Read more at ETFtrends.com.
The relative strength index (RSI) metric can help investors quantify how strong momentum is for an exchange traded fund (ETF). When looking at Global X’s suite of ETFs, three funds are seeing strong RSI momentum. Right now, all of the funds have yet to breach overbought territory in terms of their RSI reading (70 or [...] Read more at ETFtrends.com.
The Invesco Dividend Achievers ETF is seeing unusually high volume in afternoon trading Friday, with over 832,000 shares traded versus three month average volume of about 76,000. Shares of PFM were up about 0.7% on the day.
The iShares Global Clean Energy ETF (ICLN) has grown so large that it’s now looking at a major rebalancing. According to a recent Financial Times report, ICLN and its European equivalent INRG “are braced for a major index rebalancing after amassing too much money in too few companies.” The problem of course isn’t the influx of capital, [...] Read more at ETFtrends.com.
Somewhat quietly, the ARK 3D Printing ETF (CBOE: PRNT) was one of 2020’s best-performing thematic exchange traded funds. PRNT is the first U.S.-listed ETF dedicated to the 3D printing theme. The fund is one of two passively managed products from New York-based Ark Investment Management. ARK believes 3D printing will revolutionize manufacturing by collapsing the time [...] Read more at ETFtrends.com.
The reopening economy trade is in full swing, and traders looking to make an indirect play on U.S. air travel increasing can look to oil assets like the VanEck Vectors Unconventional Oil & Gas ETF (FRAK). Amid social distancing measures, airline travel restrictions put a damper on airline sales as well as oil, which hit [...] 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 ProShares ProShares Long Online/Short Stores ETF (Symbol: CLIX) where we have detected an approximate $33.7 million dollar outflow -- that's a 17.6%
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Global Healthcare ETF (Symbol: IXJ) where we have detected an approximate $34.3 million dollar outflow -- that's a 1.3% decrease week over w
After hitting fresh highs on speedy economic recovery bets, Wall Street has been showing weakness lately as negative fundamentals have started building up.Firstly, inflationary pressures have been rising, resulting in surging yields and in turn fears of overvaluation, leading to
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core U.S. Aggregate Bond ETF (Symbol: AGG) where we have detected an approximate $136.9 million dollar outflow -- that's a 0.2% decrease wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Short Treasury Bond ETF (Symbol: SHV) where we have detected an approximate $186.8 million dollar outflow -- that's a 1.2% decrease week ove
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