In recent trading, shares of Petroleo Brasileiro SA (Symbol: PBR) have crossed above the average analyst 12-month target price of $16.40, changing hands for $16.52/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade o
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
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 trading on Wednesday, shares of the BOTZ ETF (Symbol: BOTZ) entered into oversold territory, changing hands as low as $23.7128 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum
In trading on Wednesday, shares of the BOND ETF (Symbol: BOND) entered into oversold territory, changing hands as low as $85.645 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum
In trading on Wednesday, shares of the ASHR ETF (Symbol: ASHR) entered into oversold territory, changing hands as low as $24.92 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum o
In trading on Wednesday, shares of the First Trust Institutional Preferred Securities and Income ETF (Symbol: FPEI) entered into oversold territory, changing hands as low as $16.5501 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a
In trading on Wednesday, shares of the iShares MSCI ACWI ETF (Symbol: ACWI) crossed below their 200 day moving average of $92.62, changing hands as low as $92.28 per share. iShares MSCI ACWI shares are currently trading off about 1.5% on the day. The chart below shows the one
Earnings season is underway, with many companies beating expectations. Despite the wins, market shocks continue to pummel investors as Treasury yields set new 16-year highs and uncertainty spikes. In a challenging market environment, the NEOS S&P 500 High Income ETF (SPYI) is noteworthy for its performance compared to equity income ETF peers. Treasury yields reached new [...]
Read more at ETFTrends.com.
The acronym “HIPS” stands for high-income pass-through securities. These are securities that must “pass through” at least 90% of their earnings to investors. As a result of the earnings pass-through, these entities are not subject to corporate taxation. Examples of pass-through instruments and their definitions are explained below: Although each category of pass-through securities has [...]
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When investors think about Visa (V) and Mastercard (MA), two huge companies, they don’t immediately think “disruptive finance companies.” Disruption isn’t just for the small, software-focused, “App” economy names, however. Visa and Mastercard are continually anticipating the future. They also participate in the evolution of digital finance by investing in disruptive firms. That search for [...]
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On this episode of “What Makes That Ticker Tick,” VettaFi CMO Jon Fee spoke with Stacey Morris, head of Energy Research at VettaFi, to discuss the Alerian MLP Infrastructure Index (AMZI). The AMZI Index is the underlying index that currently powers two funds. The two funds that it powers are the Alerian MLP ETF (AMLP) [...]
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While the U.S. bond market continues to show signs of struggle this year, investors should still hold fixed income ETFs. For one thing, prices are down while yields are up. Plus, bonds are still far less risky than stocks over the long term. “Bond prices have continued to fall in 2023 as the Federal Reserve [...]
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Many investors are rushing into gold or energy commodity ETFs to try to capture the current opportunity set — a strategy that’s not guaranteed to pay off. In the current environment, characterized by uncertainty and unknown unknowns, diversification is key. A broad-basket commodity ETF offers exposure to the asset class without placing significant bets on [...]
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The SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Wednesday, with over 744,000 shares traded versus three month average volume of about 74,000. Shares of SPYX were down about 0.8% on the day.
In trading on Wednesday, the The Energy Select Sector SPDR Fund ETF is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Valero Energy, up about 3% and shares of Phillips 66, up about 2% on the day.
The debate between active and passive management has been going on for years. And while active management has faced headwinds over the past decade or so, it’s starting to reclaim dominance over passive. Proponents for passive management contend that informationally efficient markets make it difficult for active funds to regularly beat the benchmarks. However, Moneta [...]
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In trading on Wednesday, shares of the Vanguard Industrials ETF (Symbol: VIS) crossed below their 200 day moving average of $195.40, changing hands as low as $194.00 per share. Vanguard Industrials shares are currently trading off about 1.6% on the day. The chart below shows
In trading on Wednesday, shares of the First Trust Preferred Securities and Income ETF (Symbol: FPE) entered into oversold territory, changing hands as low as $15.59 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysi
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Dividend Growth ETF (Symbol: DGRO) where we have detected an approximate $227.6 million dollar inflow -- that's a 1.0% increase week ov