In recent trading, shares of AutoNation, Inc. (Symbol: AN) have crossed above the average analyst 12-month target price of $155.78, changing hands for $159.47/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val
In recent trading, shares of TopBuild Corp (Symbol: BLD) have crossed above the average analyst 12-month target price of $259.00, changing hands for $259.18/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valua
On this episode of ETF Prime, VettaFi’s Todd Rosenbluth reviewed the top five ETFs by flows in the first half of 2023 with host Nate Geraci. Darren Schuringa of ASYMmetric ETFs talked about the firm’s Smart ETF suite, and Charly Travers of Motley Fool discussed portfolio management and their small-cap ETF. Following the Flows in 2023 With [...]
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In the past few years, the world of finance has gone through a significant transformation. Technological advancements have given birth to innovative payment systems, lending methods, and other cutting-edge financial services. As a result of these technological advancements in finance, fintech ETFs have emerged as a popular investment vehicle, offering exposure to a range of [...]
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Dimensional Fund Advisors has launched the Dimensional California Municipal Bond ETF (NYSE Arca: DFCA) on the New York Stock Exchange. The fund seeks to provide current income expected to be exempt from federal and California state personal income taxes. The actively managed DFCA invests primarily in a universe of investment-grade municipal securities. The interest on [...]
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This week, VettaFi’s financial futurist Dave Nadig sat down with BMO ETFs president and chief commercial officer Kevin Gopaul to talk Canadian ETF innovation. The duo touched on a variety of topics comparing the U.S. and Canadian ETF ecosystems, from active versus passive in Canada, to retail and institutional perspectives. Gopaul joined BMO in 2009, [...]
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Now is an opportune time for investors with home country biases to add international exposure. With international stocks trading at a discount relative to past valuations, there is significant upside opportunity. Investors can find even more attractive valuation attributes by focusing on international value and international small caps. “When adding international equity exposure, many advisors [...]
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Investors flocked to broad equities in the last week as market volatility continues. The NEOS S&P 500 High Income ETF (SPYI) that seeks to provide high income within the S&P 500 continues to garner attention as it crosses the $100 million AUM mark this week. Of the top 10 ETFs by flows in the last [...]
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Looking out for dividends? With the potential for future volatility only rising, it may be prudent to consider. Dividends, especially in a small cap format, combine upside with current income-related portfolio durability. That interest has already helped drive flows into small-cap dividends ETFs like the ALPS O’Shares US Small-Cap Quality Dividend ETF (OUSM). OUSM has [...]
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By KEVIN NICHOLSON, CFA SUMMARY Fed sends a mixed message: pause and forecast do not align. Market rallies on earnings potential and the end of rate hikes in sight. RiverFront’s balanced portfolios are overweight stocks. Financial markets have rejected the Fed’s notion of a hawkish pause in interest rate hikes over the past couple of [...]
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As artificial intelligence (AI) continues gaining traction in various industries, investors are increasingly turning to companies specializing in this field. One such company is NVIDIA Corporation, a leader in the AI industry. With the growing interest in AI, it’s no surprise that investors are looking for ways to gain exposure to NVIDIA, including through leveraged [...]
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The First Trust Dorsey Wright International Focus 5 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 209,000 shares traded versus three month average volume of about 59,000. Shares of IFV were down about 0.8% on the day.
Components of that ETF with t
In trading on Tuesday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Unity Software, up about 13.4% and shares of Coinbase Global, up about 8% on the day.
And und
In this market commentary, we are going to discuss two potential issues that the markets are facing right now. The bottom line is that the markets are vulnerable and could become risky. Here are the two issues that are going to be covered in this update: A few large names are masking market weakness. Investor [...]
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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 1-3 Year Treasury Bond ETF, where 12,100,000 units were destroyed, or a 3.5% 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 iShares Russell Mid-Cap ETF, which added 22,500,000 units, or a 5.7% increase week over week. Among the largest underlying components of IWR, in
Volatility Shares has launched the 2x Bitcoin Strategy ETF (BITX) on the CBOE BZX Exchange. BITX is the first U.S.-based ETF to offer leveraged long exposure to the cryptocurrency futures market. BITX doesn’t invest directly in bitcoin. Instead, it seeks to benefit from increases in the price of Bitcoin Futures Contracts for a single day. [...]
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In trading on Tuesday, shares of the First Trust NYSE Arca Biotechnology Index Fund ETF (Symbol: FBT) crossed below their 200 day moving average of $152.07, changing hands as low as $151.08 per share. First Trust NYSE Arca Biotechnology Index Fund shares are currently trading
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Regional Banking ETF (Symbol: KRE) where we have detected an approximate $108.3 million dollar outflow -- that's a 3.5% decrease week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR Fund (Symbol: XLB) where we have detected an approximate $100.6 million dollar outflow -- that's a 1.7% decrease we