Disabled veteran-owned and operated manager Academy Asset Management on Wednesday launched its debut ETF on the New York Stock Exchange. The Academy Veteran Impact ETF (VETZ) targets loans to U.S. service members, military veterans, their survivors, and veteran-owned businesses. According to Academy’s chief investment officer Seth D. Rosenthal, the firm originally offered the strategy as a [...]
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In a pivot away from the relentless quest for a spot bitcoin ETF, in the last few days no fewer than six ETF issuers have filed paperwork with the SEC to launch ether futures ETFs. Ether is the cryptocurrency of the Ethereum blockchain network and is the second-largest cryptocurrency by market capitalization after bitcoin. The [...]
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By Elisabeth Kashner, CFA | August 2, 2023 In the U.S., ETF fee compression slowed dramatically in the first half of 2023. This year in the six months through June 2023, ETF expenses fell just 0.001%, one-fifth of what we would have expected based on the drops over the previous five years, when asset-weighted ETF [...]
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Midstream second-quarter earnings are well underway with some notable developments for investors. Magellan Midstream Partners (MMP), Cheniere Energy (LNG), and Williams (WMB) this week reported second-quarter earnings that beat Wall Street expectations, with two of the names raising full-year guidance. Magellan reported adjusted EBITDA of $385.9 million, beating Bloomberg consensus estimates by 8.6%. The Bloomberg [...]
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With heightened economic uncertainty, we are noticing an increased interest in economic data as it’s reported. Market pundits are hanging on each new data point and related utterance from the U.S. Federal Reserve in an attempt to read the tea leaves. In essence, they are looking for signs to predict whether or not the economy [...]
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In the wide world of ETFs, few milestones matter more than hitting key AUM milestones. Reaching a new AUM threshold offers liquidity and indicates broad interest in the ETF’s approach and merits. As such, ETF investors and advisors would do well to keep track of when ETFs cross that point. In this case, the total [...]
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Equity outperformance dominated the first half of 2023 despite recession concerns and rising rates. The S&P 500 broke free of bear market territory in June, carrying related funds like the Nationwide S&P 500® Risk-Managed Income ETF (NSPI) that seeks high monthly income to end the first half higher. The year began with expectations of an economic [...]
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In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Monolithic Power Systems Inc (Symbol: MPWR) has taken over the #41 spot from Iron Mountain Inc (Symbol: IRM), according to ETF Channel. Below is a chart of Monolith
“Another concept used to cope with uncontrollable events is known as amor fati which is Latin for ‘love of fate’. The exact term can be traced back to the nineteenth-century German philosopher Friedrich Nietzsche who describes it as, ‘My formula for greatness in a human being is amor fati: that one wants nothing to be [...]
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The First Trust Dorsey Wright International Focus 5 ETF (IFV) is seeing unusually high volume in afternoon trading Thursday, with over 537,000 shares traded versus three month average volume of about 83,000. Shares of IFV were off about 0.3% on the day.
Components of that ETF
In trading on Thursday, the Invesco China Technology ETF (CQQQ) is outperforming other ETFs, up about 3.6% on the day. Components of that ETF showing particular strength include shares of Dada Nexus (DADA), up about 8.4% and shares of Kingsoft Cloud Holdings (KC), up about 6.4
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 Core Total USD Bond Market ETF (IUSB), where 12,500,000 units were destroyed, or a 2.5% 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 The Financial Select Sector SPDR Fund (XLF), which added 12,450,000 units, or a 1.2% increase week over week. Among the largest underlying compon
In trading on Thursday, shares of the The Real Estate Select Sector SPDR Fund ETF (Symbol: XLRE) crossed below their 200 day moving average of $37.59, changing hands as low as $37.07 per share. The Real Estate Select Sector SPDR Fund shares are currently trading down about 2.3
In trading on Thursday, shares of the FREL ETF (Symbol: FREL) crossed below their 200 day moving average of $25.16, changing hands as low as $24.87 per share. FREL shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of FREL
In trading on Thursday, shares of the iShares Global REIT ETF (Symbol: REET) crossed below their 200 day moving average of $23.05, changing hands as low as $23.02 per share. iShares Global REIT shares are currently trading off about 1.7% on the day. The chart below shows the
In trading on Thursday, shares of the SPDR S&P Metals & Mining ETF (Symbol: XME) crossed below their 200 day moving average of $51.35, changing hands as low as $51.13 per share. SPDR S&P Metals & Mining shares are currently trading off about 0.9% on the day. T
In trading on Thursday, shares of the Vanguard Real Estate ETF (Symbol: VNQ) crossed below their 200 day moving average of $83.98, changing hands as low as $82.80 per share. Vanguard Real Estate shares are currently trading down about 2.1% on the day. The chart below shows th
In trading on Thursday, shares of the iShares Cohen & Steers REIT ETF (Symbol: ICF) crossed below their 200 day moving average of $55.59, changing hands as low as $54.83 per share. iShares Cohen & Steers REIT shares are currently trading down about 2.4% on the day. Th
In trading on Thursday, shares of the DFAR ETF (Symbol: DFAR) crossed below their 200 day moving average of $21.55, changing hands as low as $21.32 per share. DFAR shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of DFAR