In recent trading, shares of AssetMark Financial Holdings Inc (Symbol: AMK) have crossed above the average analyst 12-month target price of $34.00, changing hands for $34.02/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: d
By May 23 — exactly a week from now — the SEC will need to reach a decision on VanEck’s spot ethereum application. VanEck isn’t the only one aiming to get approval. The deadline for ARK Investment Management’s filing with 21Shares is May 24, just a single day after VanEck’s. Recently, ARK and 21Shares updated [...]
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Is inflation finally coming back down to more reasonable levels? A new data drop coming in this week seems to suggest it. Core prices posted their lowest increase since April 2021, per the Wall Street Journal. The Fed’s recent signaling towards higher for longer may have had an effect, but it could still push inflation [...]
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Equity indexes climbed to new highs mid-month on the news of April’s favorable CPI print. For income investors looking to harness gains in equities but with an eye toward the ongoing complexity surrounding inflation and rates, investing in quality companies presents opportunities. April’s consumer price index rose 3.4% year-over-year and 0.3% month-over-month. The monthly reading [...]
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On Thursday, Peerless Wealth rolled out the Peerless Option Income Wheel ETF (WEEL). The fund is actively managed and seeks to provide investors with current income. It launched has a net expense ratio of 1.07%. To achieve income goals, Peerless Wealth applies a two-pronged strategy. Firstly, the prospectus noted that the fund invests in a [...]
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VettaFi’s Head of Research Todd Rosenbluth discussed the NEOS S&P 500 High Income ETF (SPYI) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit the Tax Efficient Income Channel.
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A lot is happening in the China ETF space these days. Product closures, market rallies, and product development are making for an interesting opportunity. On one hand, ETF issuers have been doing a lot of cleaning up in their fund lineups. So far in 2024, we’ve seen 16 China-focused ETFs shutter — 18 if we [...]
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The SPDR S&P Capital Markets ETF is seeing unusually high volume in afternoon trading Thursday, with over 78,000 shares traded versus three month average volume of about 49,000. Shares of KCE were off about 0.3% on the day.
Components of that ETF with the highest volume on
Supply disruptions are helping to keep agricultural commodities afloat. Further constraints in production of grains could even reverse the current downtrend, pushing prices higher in the long run. Futures activity in wheat, corn, and soybeans in the past week revealed an uptick in prices, with the trend in the longer term potentially pushing higher if [...]
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In trading on Thursday, the The Consumer Staples Select Sector SPDR Fund ETF is outperforming other ETFs, up about 1.5% on the day. Components of that ETF showing particular strength include shares of Walmart, up about 6.1% and shares of Dollar General, up about 3.8% on the day
On Thursday, Virtus Investment Partners added a new ETF to its roster with the launch of the Virtus AlphaSimplex Managed Futures ETF (ASMF). The actively managed fund has a net expense ratio of 0.80%. It seeks to provide investors with absolute positive returns. ASMF aims to align the returns to be consistent with the risk/returns [...]
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With the ongoing conflict between Russia and Ukraine, there was already heavy speculation that the United States would ban imports of Russian uranium. That became a reality when U.S. President Joe Biden made the ban official, opening opportunities for a pair of uranium mining exchange traded funds (ETFs). The ban signaled the beginning of a [...]
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In trading on Thursday, shares of the iShares 20+ Year Treasury Bond ETF (Symbol: TLT) crossed above their 200 day moving average of $92.36, changing hands as high as $92.40 per share. iShares 20+ Year Treasury Bond shares are currently trading up about 0.1% on the day. The ch
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 ETF (Symbol: IWM) where we have detected an approximate $376.8 million dollar inflow -- that's a 0.6% increase week over week in
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 $563.7 million dollar inflow -- that's a 0.5% increase week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the GBIL ETF (Symbol: GBIL) where we have detected an approximate $119.8 million dollar outflow -- that's a 2.2% decrease week over week (from 54,900,00
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Bloomberg 1-3 Month T-Bill ETF (Symbol: BIL) where we have detected an approximate $82.4 million dollar outflow -- that's a 0.3% decrease week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Emerging Markets ex China ETF (Symbol: EMXC) where we have detected an approximate $247 inflow -- that's a 1.8% 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 iShares MSCI USA Min Vol Factor ETF (Symbol: USMV) where we have detected an approximate $58.5 million dollar outflow -- that's a 0.2% decrease week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Direxion Daily Technology Bull 3X Shares
(Symbol: TECL) where we have detected an approximate $87.1 million dollar outflow -- that's a 2.6% decreas