In recent trading, shares of Broadcom Inc (Symbol: AVGO) have crossed above the average analyst 12-month target price of $861.76, changing hands for $862.57/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valu
In recent trading, shares of MicroStrategy Inc. (Symbol: MSTR) have crossed above the average analyst 12-month target price of $336.67, changing hands for $340.25/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on
In recent trading, shares of Fortinet Inc (Symbol: FTNT) have crossed above the average analyst 12-month target price of $74.41, changing hands for $75.08/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati
In recent trading, shares of Zurn Elkay Water Solutions Corp (Symbol: ZWS) have crossed above the average analyst 12-month target price of $26.33, changing hands for $26.92/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: do
On Thursday, Fidelity followed BlackRock and jumped back into the rejuvenated race to launch the first spot Bitcoin ETF in the U.S. The financial services firm filed again for the Wise Origin Bitcoin Trust. Early last year, the SEC rejected the investment manager’s previous filing. “Fidelity has been increasing their ETF presence and has shown [...]
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Since the introduction of the first carbon allowances ETF in 2020, the KraneShares Global Carbon Strategy ETF (KRBN), carbon allowance ETFs have attracted over $730 million in net flows. Nearly $247 million of that comes from investment into the joint California and Quebec carbon market, and for good reason. “We saw a big year for [...]
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Roughly two years into the era of mutual fund-to-ETF conversion as a pathway to ETF industry entry, we’ve learned two things. The first is that the future of this trend looks promising, with many more funds coming to market this way. The second is that the early years of conversion haven’t exactly been easy for [...]
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What is a bond? Depending on who you ask, the word bond can either refer to a specific type of financial instrument, or when capitalized, your favorite British Secret Service agent. For this guide, we’ll be talking about the lowercase version, which represents one of the largest financial markets in existence. While fixed income, debt, [...]
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The Invesco S&P 500® Equal Weight ETF (RSP) has rallied tremendously in performance and investor attention as market breadth improves. RSP has hauled in $4.4 billion in net flows in June with two trading days left in the month. The equal-weight fund has seen the second-greatest net flows of all ETFs over one month. The spike [...]
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Hear that? That’s the sound of numerous advisors and investors looking around for a sign in fixed income investing. Fed Chair Jerome Powell appears intent on convincing markets that, yes, we could be in for more rate hikes. Despite pausing in June, that rate uncertainty has failed to offer a respite to markets wondering about [...]
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Fed language at the end of May signaled that further rate hikes could be on the horizon this summer. As the economic outlook continues to change, advisors looking for income opportunities and interchangeable exposure within equities should consider the Nationwide ETF suite. The potential of further rate hikes on a longer timeline weighed heavily on [...]
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Invesco has cut fees on a trio of fixed income ETFs totaling $1.7 billion in assets. The affected funds include the $985 million Invesco Total Return Bond ETF (GTO), the $654 million Invesco 1-30 Laddered Treasury ETF (PLW), and the $33 million Invesco AAA CLO Floating Rate Note ETF (ICLO). GTO and ICLO are actively [...]
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What’s driving the robust returns for the ALPS O’Shares Global Internet Giants ETF (OGIG)? The ETF has returned a powerful 31.2% return YTD, outperforming its ETF Database Category and Factset Segment Averages YTD. It’s also outperformed those metrics on both a three-month and a one-month basis. While global internal stocks have been a strong source [...]
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Natixis has launched the Natixis Loomis Sayles Focused Growth ETF (NYSE Arca: LSGR) on the New York Stock Exchange. The active U.S. large-cap growth fund targets companies trading at a discount to intrinsic value to help manage portfolio risk. The fund takes a long-term, private equity ownership perspective, focusing on high-quality businesses with truly sustainable [...]
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The First Trust Mid Cap Core AlphaDEX Fund ETF is seeing unusually high volume in afternoon trading Thursday, with over 133,000 shares traded versus three month average volume of about 30,000. Shares of FNX were up about 0.9% on the day.
Components of that ETF with the highest
In trading on Thursday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 1.6% on the day. Components of that ETF showing particular strength include shares of Live Oak Bancshares, up about 5.1% and shares of Metropolitan Bank Holding Corp (MCB), up a
VettaFi’s vice chairman Tom Lydon discussed the Pacer US Small Cap Cash Cows 100 ETF (CALF) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.
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In trading on Thursday, shares of the RPAR ETF (Symbol: RPAR) crossed below their 200 day moving average of $19.01, changing hands as low as $18.97 per share. RPAR shares are currently trading down about 1% on the day. The chart below shows the one year performance of RPAR sh
In trading on Thursday, shares of the HTRB ETF (Symbol: HTRB) crossed below their 200 day moving average of $33.45, changing hands as low as $33.31 per share. HTRB shares are currently trading off about 1.1% on the day. The chart below shows the one year performance of HTRB s